OK... does anyone else here think the current share price exceeds LAMR's value? At 478x ttm earnings, there are some huge assumptions built into the current share price. Look at it this way: if somehow LAMR manages to earn 10x higher EPS in 2013 than previous year and the price only stays the same as current $43+ per share, then the valuation will STILL be 47x earnings. Too rich for me.
There are too many companies that seem overvalued to begin to count. Valuation in today's market is almost meaningless. The market is a mood ring nothing more nothing less. She's happy at the moment. Throw that p/e stuff out the window that's old school. My opinion. That said looking at the numbers on this one, it seems crazy.