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After I wrote that, I almost immediately regretted that I hadn't used price earnings ratio rather than stock price as the indication that investors don't have c
by Zigurd 1y ago
After I wrote that, I almost immediately regretted that I hadn't used price earnings ratio rather than stock price as the indication that investors don't have confidence that Adobe can continue to extract rent, even though I wouldn't bet against Adobe, I wouldn't short them.
Kind of remarkable how low the price earnings ratio is compared to magnificent seven stocks. Only Google gets stuck with a similarly pedestrian price earnings ratio.
- FredPret 1y agoIf you think that's remarkable, look at major non-tech companies. Banks, mines, energy, rail, telecoms - companies that are making big profits right now and will be with us for decades to come, all priced like they're going to evaporate in a matter of years.