<<<You are like the 3rd person to miss quote me when I said "P/E is not as important as most people think" I even said that there are many other important factors such as growth rate that are needed when determining the value of a company, P/E is just part of the puzzle. For high growth stocks the P/E should be higher than for low growth stocks etc.... So a simple P/E of 32 means nothing without knowing things like the PEG. >>>
I didn't misquote you. I was just shocked that you were buying without even knowing the P/E. I think that P/E is important to know because that's the first step I take before actually getting to other calculations. I also questioned if you knew what the growth rate was since you said that was important. And I just picked on your spelling because you said I was giving you a "high and mighty" comment. I was just wanting to get a good dig at you. No harm.