I think the government means business this time. Also, their stock is trading at 18 times their revenues -- it's extremely overvalued.
Quotes about overvalued (16 Quotes)
After all, an overvalued dollar gives us the ability to buy foreign goods at lower prices. And the existing volume of exports brings more yen and euros than they would if the dollar were more competitive.
Modesty is the lowest of the virtues, and is a confession of the deficiency it indicates. He who undervalues himself is justly overvalued by others.
The overvalued dollar will contribute mightily to the US trade deficit until the Bush administration takes decisive action.
I think there will certainly be some concern about earnings, but there are also parts of the market that will probably be grossly overvalued. I may not be an expert in all of them, but I do know that the earnings that would be produced by the businesses over their lifetime could never justify their market capitalizations people bought them because they thought they have to go up, so in that sense, they're thinking about psychology rather than economics.
Nobody believed in the model when it said that stocks were 60 percent overvalued and nobody believes in it now, ... Valuation is like beauty -- it's in the eye of the beholder.
The market is finally realizing that the earnings in these tech sectors have cyclical sensitivity - and the risks in the business cycles both in the United States and Europe are going up. Our latest assessment is that even at current levels the sector could still be 15 to 20 percent overvalued.
The impact of an overvalued currency is starting to become more apparent ... the Bank of Canada may have to reconsider its assessment of how much the dollar is acting as a drag.
Those are the stocks that have worked this year. There's a lot of argument right now in the marketplace about valuations the top 50 stocks in the SP are way overvalued. You have to stick with the horses that have gotten you to where you are on a year-to-date basis, and I believe those are the stocks that will carry us after the correction that we're in the process of having right now through the end of the year.
Simply put, Canada's balance of payments remains exceptionally strong. It is very tough to make the case that the Canadian dollar is wildly overvalued when the country continues to chalk up solid current account surpluses and net inflows in foreign direct investment.
The big risk is on the downside, but the market is ignoring a multitude of things they should be concerned about, such as the deficits and the weak labor market. We are getting to a point now where so many stocks are so overvalued that it is ridiculous and somebody at some point is going to say 'Mummy, the Emperor doesn't have any clothes on'.
I think techs are not as overvalued as some people believe. I think they're going to have incredible earnings next year and I think they're going to lead an upside break out in the market, which should begin sometime in the middle of the fourth quarter.
Greenspan's remarks appear to be more balanced than in the past. He is moving into closer alignment with what has become accepted practice in most central banking circles. Missing, however, is what a central bank should do in order to avoid the pitfalls of excess dependence on overvalued assets.
The market is selling off because the fundamentals are weak and the stocks are overvalued.
It's definitely having an effect .... Foreigners are likely worried about the Bank of Japan eventually ending its super-easy monetary policy. Also some companies did down downgrade their profit forecasts and there are those investors who now see Japanese stocks as overvalued.
The commodity story remains very positive for Australia. Relative to commodities prices the Australian dollar isn't overvalued.