By your logic, growing companies that are losing money are worthless, when this is often not the case. P/E is only a meaningful stat on an established, somewhat mature company. You seem to simply look for numbers that confirm your extreme bearish outlook on EVERYTHING in the world. Perhaps it is a deep depression, maybe consult a doctor.
At best, an extremely large P/E in this case indicates the need to do further research and exercise caution. I'd look at market share and revenue trends. SHAK might not be good value, but your short at $48 earlier this year got destroyed, which is a hint to you that your methodology ( if we can call it that ) is deeply flawed.
wrong..... they wouldn't have gotten destroyed, the short at $48 proved to be 100% on the money after it dropped to a 52 week low of $38.64 on 2/17/15...nearly a 20% drop!!!!
so thats nearly a $10 drop from where I said short it, it was an extremely profitable call no matter what way you look at it.....