So we saw in the trough of the last bear market, that those stocks that exhibited PE ratios of between 2 and 4
significantly outperformed all other stocks on average for the 5 year growth period that followed. Assuming we are at or close to the "trough" of the current bear market (and the ALSH PE would seem to indicate that), which JSE stocks currently exhibit this trait?
Whilst it is not safe to use this trait alone in a investment descision, as we will show a far more powerful and accurate system later on, let's satify our curiosity. As at 29 Oct 2008 here are the 29 JSE stocks out of 430 in total that exhibit PE's of between 2 and 4 and trade more than 3 times a
day (click on image for details)
NEXT UP : Book value or Net Asset Value
No comments:
Post a Comment