A PE Greater than 50 is acceptable in my opinion
in solid growth, industry leading, companies. As
mentioned before, by someone else, this is an example of a
CANSLIM type stock.
Most higher performing stocks
today could be considered technically ( book wise)
overvalued, but that does not mean they are going to stop
giving good returns.
If you feel this is too high
of a PE you could always sell out, but I am
convinced this is a good long term stock, that will rebound
from any short term corrections it may face.
Solid growth companies are not that easy to find.
Staples has been a consistant earnings producer for a
long time. I have a lot of faith in this company. It
is part of my retirement fund and will stay there
until I see evidence of company failure, which I don't
see at the present time. BuY and hold. That is the
key. I have daytraded away a good portion of my
portfolio. I sold off ODP, HD, MON and several others for a
quick profit just to watch them all go through the roof
afterwards. Holding seems to take alot more dicipline but I
am finding that it has been worth it. I say, "What
ever works for you." We all have our strategies. Good
luck in your trades. (><) P.D.
how do people stomach such a long cover ratio?
can they do so because of the large
The numbers have been high
since March, how do people justify hanging
in for so
long? or is it a matter of shedding old shorts and
gaining ever new
positions as the stock price rises?
How long before such short positions become
Are you selling at this price? Just curious. My
track record on shorting this company has been less
than great. I sell and the price goes up a couple of
points. Would like to hear (read ) your feelings. Thanks
Shares Short /Avg Daily Vol / Ratio*
/2,061,576 / 7.62
/1,914,876 / 7.23
/2,604,582 / 4.60
* Ratio = Shares Short / Avg
Daily Volume; may be used as a rough measure of days to
that your broker knows any more than the brokers
or fund managers who are selling this stock? Don't
be naive. Fundamentals will hold true, they always
have and they always will. Those who believe the
recent hype that the "old rules" have been thrown out
the window will meet a costly demise.
Would that be the same market leadership like
Intel (PE of 26)? Or Seagate (no PE)? Maybe Disney
(38)? Callaway (11)?
Yes we can point to a few
(emphasis on few) companies like MSFT that are leaders that
actually have higher PEs than SPLS, but let's not fool
ourselves into thinking that an office products leader
couldn't POSSIBLY be overvalued at 55.
thought I would be identified as one of the detractors of
spls, but given the myopic cheerleading that reigns, I
am bound to be classified as a
Still long. Still hoping for more. Still unconvinced.