Tobias Levkovich on CNBC

K

Kicking

said something interesting about P/E and Price to sales ratios but I missed part of it

what was it exactly about buying stocks with high P/E or price to sales ratio rather than low ratios?
 
I was listening with half an ear so I might be wrong but something to the effect that

In certain stocks you want to buy when P/E's are high and not when they are low.

Something about the cycle is about to turn down when P/E's are low.

Also said something about rather look at the price to sales ratio.

Wasn't listening closely sorry
 
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