Verizon is a Dow Jones Industrial Average component, like the AXP and KFT stocks the author mentions. Its P/E ratio is well over 200. http://www.google.com/fin

Verizon is a Dow Jones Industrial Average component, like the AXP and KFT stocks the author mentions. Its P/E ratio is well over 200. http://www.google.com/finance?q=VZ http://www.google.com/finance?q=VZ I don't know very much about stocks, but this leads me to believe that P/E may not always be a great metric, even though it is supposed to be a good rule of thumb.