The chart tells all. I can go on, but the chart is the most telling.
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Crox
- Thread starter lloyd111
- Start date
The chart tells all. I can go on, but the chart is the most telling.
P/E is sitting at 6.24 with the current PPS of $10.21.Quote from stock_trad3r:
Crox is a horrrrible stock. It is going to 5 dollars. A lot of people have Tivo and Sirius Radio but that doesnt make them good stocks.
If it goes to $5 then the P/E would be 3.12.. that wouldn't make much sense!
My investment philosophy is geared more towards finding value at low P/E in beaten-down fallen angel type stocks. I have long term holding goals for these stocks. I can't day-trade because IB didn't give me a margin account so the only privilege I have is to buy stocks.
A year down the road, let's say that one of them goes BK and the other one is a triple bagger. Well, I've more than broken even right there. If all of them went BK, well - it goes with the territory . I know that there's all of the risk in the world in stock ownership.
There are a TON of stocks with P/E ratios of 5 or less right now; many under 3.
And they're not swimming in debt, either.
And many of them have been HAMMERED, down anywhere from 20% to 70%.
They are established businesses, selling real things that real businesses and real people buy.
They've been around for a long, long time.
I like to perceive myself as a value investor, and while not a veteran, I've seen some extreme volatility (just look at June). I've never seen such a merciless and indiscriminate equity selling wave. Absolutely brutal.
What's the problem, then?
Mr. Market hates lack of clarity going forward above all else.
And they're not swimming in debt, either.
And many of them have been HAMMERED, down anywhere from 20% to 70%.
They are established businesses, selling real things that real businesses and real people buy.
They've been around for a long, long time.
I like to perceive myself as a value investor, and while not a veteran, I've seen some extreme volatility (just look at June). I've never seen such a merciless and indiscriminate equity selling wave. Absolutely brutal.
What's the problem, then?
Mr. Market hates lack of clarity going forward above all else.
Crox may be a good buy at $0.00