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Oppenheimer Holdings Inc. Message Board

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  • superbmomentum superbmomentum Aug 24, 2010 9:35 PM Flag

    Underneath the Market's Hood

    The bottom line is, you need strong data to make a successful forecast…but sometimes not even strong data can be useful when making a prediction…

    As the stock hit the 52-week low today, I was looking at the company’s key statistics again, and I must say….the numbers are impressive. Of course, right now, it’s all about jobs, housing and the global economy etc… So trailing P/E, forward P/E, price/book and all other key statistics are of secondary importance.

    But it is still amazing how a company can grow its Qtrly Earnings 30% (yoy) and the stock be down more than 10% from the year before!

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