It's selling now at 35 times what they're going to earn in 1998 and over 25 times what they're going to earn in the year 2000. There's some relationship between what a company earns and what they grow at.
More Quotes from Peter Lynch:
When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.Peter Lynch
I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'
Peter Lynch
The only thing that we're going to say is that our client has been arraigned. We've continued a not-guilty plea as we have all along. We intend to vigorously defend this case and we will see you at trial.
Peter Lynch
If all the economists in the world were laid end to end, it wouldn't be a bad thing.
Peter Lynch
The person that turns over the most rocks wins the game. And that's always been my philosophy.
Peter Lynch
We have concluded that a sale of our Bahamian operation is in the company's best interest as we continue to sharpen our focus on successfully implementing our business plan and preparing to emerge from Chapter 11. Although the 12 stores in the Bahamas are profitable, they are not a core business for us.
Peter Lynch
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