If I went and told my boss to buy something with over a 50 PE, he'd kill me, ... Both companies are extraordinarily successful and have tons and tons of growth but the problem is everybody else realizes it.
More Quotes from Ethan McAfee:
The type of investors who own this stock are not looking at it saying, 'I'm willing to pay 80 times earnings for this stock but not 85 times earnings,'Ethan McAfee
This is a classic case of short-term hysteria and mania. Who knows how much longer this can go up but eventually it's going down a lot.
Ethan McAfee
The joke is that these stocks trade at 10 times news flow.
Ethan McAfee
I have a hard time saying that a stock that has gone up 20-fold is still a buy.
Ethan McAfee
Readers Who Like This Quotation Also Like:
The basic dream of many Colombians is to have a secure nation, without exclusions, with equity, and without hatred.Alvaro Uribe Velez
Great is the hand that holds dominion over man by a scribbled name.
Dylan Thomas
Unlike any other time in our history, we have to know that staying in school and getting an education is the most important thing you can do.
Alexis Herman