Explain it? Well, I don't know why it happens but it's not the first time Yahoo has gotten the data screwed up on their site. I always verify with another site when it looks out of whack. For example, compare to MSN Money... P/E of 10.87 and a Forward P/E of 7.13
Wrong! This stock is a dog. It may pay a decent dividend, but is a dog nevertheless. It is the worst stock I have ever owned. This company's labor practices are despicable and its track record with emeployees in the USA is a disgrace.
It has a great dividend, but being a value stock versus a being a growth stock, the currently share price is not justified.
Why overpay for a stock just because it has a good dividend? I don't see the logic. Also, the P/E isn't the best metric to use to value a company's stock. This ratio does not follow the actual cash a company generates. The "E" in the P/E, follows reported earnings -- not the actual cash a company generates. It's cash that pays bills the bills, pays for dividends, buy back shares and pays down debt. Reported earnings does none of this.