LogFAQs > #948628921

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Topic	Stock Topic 13
red sox 777 12/22/20 2:48:00 AM #175:	Nanis23 posted... Can someone explain this bullshit to me A fucking clothes and shoes company. In a COVID year. PE of 80+. Actually went up after earnings despite the fact it was up like 60% in a year What the fuck People still need clothes and shoes, don't they? The whole market is up, except for a few industries that were specifically hurt by the pandemic, and companies with financials too poor to avoid liquidity problems. The bond interest rates are so low that people have no choice but to buy stocks. What's better, investing in Nike at 80 P/E or in a government bond at 50 P/E with zero growth opportunities for 30 years? With even a little bit of growth at Nike that's vastly better than the bond, and we expect growth from inflation alone that would make it worth its while compared to the bond. Or you can hold cash which has a P/E of infinity because there are 0 earnings and there will never be any earnings. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:948628921] in Stock Topi... [t:79161174]...</cite> <quote>Nanis23 posted... </cite> <quote>Can someone explain this bullshit to me A fucking clothes and shoes company. In a COVID year. PE of 80+. Actually went up after earnings despite the fact it was up like 60% in a year What the fuck</quote> People still need clothes and shoes, don't they? The whole market is up, except for a few industries that were specifically hurt by the pandemic, and companies with financials too poor to avoid liquidity problems. The bond interest rates are so low that people have no choice but to buy stocks. What's better, investing in Nike at 80 P/E or in a government bond at 50 P/E with zero growth opportunities for 30 years? With even a little bit of growth at Nike that's vastly better than the bond, and we expect growth from inflation alone that would make it worth its while compared to the bond. Or you can hold cash which has a P/E of infinity because there are 0 earnings and there will never be any earnings. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest!</quote> ... Copied to Clipboard!
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