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Simple math says that at a $20 stock with $1 per share in earnings has a Price to Earnings ratio of 20. That is a very high multiple in today's world. I sold at $19.50 but I wish I had waited until $23 before selling. LOL. Of course, I bought between $12 and $8 per share so I shouldn't complain. The high point for this stock was $1.50 per share of earnings in the final boom year of 2006. I don't see those levels coming back for a while so I'm not sure how there is much more short term upside in this stock. Any catalysts for $2 per share besides some industry consolidation on the supply side?
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| Subject | Author | Rating | Time of Post (ET) | ||
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TPX an expensive Stock?
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bobbert987 | Not rated | 16-Oct-09 03:58 pm | ||
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nice analysis. think i read something like that at...
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waynegrezty | Rate it | 18-Oct-09 07:45 am | ||
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matress industry trends are that strapped for equi...
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sportymahn | Rate it | 20-Oct-09 02:54 am | ||
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There is so much crap in this post that it be...
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tech_watch_... | (1 Rating) | 20-Oct-09 09:32 am | ||
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There is definitely a shift toward lower...
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bobbert987 | Rate it | 28-Oct-09 04:24 pm | ||
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...
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tech_watch_... | Rate it | 30-Oct-09 02:44 pm | ||
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dream on
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globalchem | Rate it | 30-Oct-09 06:46 pm | ||
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No dreaming required. He...
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tech_watch_... | Rate it | 3-Nov-09 01:38 pm | ||
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20 a high P/E? No tin today's world. TPX actually ...
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realistic_s... | Rate it | 3-Nov-09 02:06 pm | ||
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A good rule of thumb is that the P/E ratio sh...
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bobbert987 | Rate it | 11-Nov-09 04:10 pm | ||
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The problem with rules of thumb is that ...
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short_bag_h... | Rate it | 12-Nov-09 11:06 am |
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