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  1. 18-09-2021, 03:09 PM #1
    winner69
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    Quote Originally Posted by JohnnyTheHorse View Post
    At this level I am out. Great company (best of breed) however I can't justify the PE it's trading on vs sector peers.
    PE ratios have a degree of relativity with in a sector

    Be a boring world if there was a rule that all retail stocks shall have the same PE multiple

    ‘Best of breed’ seem to get rated highly …..RYM, MFT etc etc
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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  2. 18-09-2021, 03:51 PM #2
    Beagle
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    Quote Originally Posted by winner69 View Post
    PE ratios have a degree of relativity with in a sector

    Be a boring world if there was a rule that all retail stocks shall have the same PE multiple

    ‘Best of breed’ seem to get rated highly …..RYM, MFT etc etc
    Yeah that's fair to a point but then sometimes a best of breed stock gets priced so high for perfection relative to its peers it badly underperforms for years afterwards...RYM a perfect example of that in recent years.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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