I'm one of the few that will admit that I bought in the $20's and again in the teens. It seems that there are so many �professionals� on this board who have predicted the peaks and valleys so perfectly. I doubt they really have but if so then good for them�
Yes, this is a very painful situation but... ask yourself did you buy SPLS to make a quick buck or did you buy SPLS as an investment. If you bought for a quick buck then I'm sorry it appears that you made a very very bad decision. But if you bought SPLS as an investment then you will be rewarded. Not tomorrow, this week or even this month.... it is not going to happen so fast, but this stock is solid and you should sleep well at night holding it.
VL reports that the annual P/E ratio for the last 5 years has been 39.1(99), 37.7(98), 28.0(97), 30.1(96) and 31.7(95). S&P reports the low P/E for the last 5 years has been 25(99), 26(98), 22(97), 20(96) and 20(95). S&P reports the high P/E for the last 5 years has been 54(99), 75(98), 39(97), 35(96) and 41(95). So what does this mean? $13.2 (.66 * 20) a share is still possible on the low side. $22 (.66 * 33.32) should be the average price using the average P/E for the last 5 years. $28.25 (.66 * 42.8) should be the high price using the average high P/E for the last five years as reported by S & P. Of course this is using .66 as the EPS. Any comments on this?
Sometimes a little cheerleading doesn�t hurt. I know that I�m not the only one that is thousands of dollars down right now.