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Cracker Barrel Old Country Store, Inc. Message Board

  • petetanner petetanner Jun 11, 1998 1:14 PM Flag

    Most Basic Stock Idea

    Please correct if I'm wrong here.
    In basic
    ideas, owning a share of the stock is like owning a
    piece of the company. You receive a piece of what ever
    the company makes.
    What I don't understand is how
    some stocks can have PEs over 100.
    If it will take
    100+ years to earn the price of the stock in profit,
    then isn't that not worth it? How can any stock be
    worth it with a PE that high. It's not like earnings
    will increase that dramtically in the future to earn
    make the price of the stock in profits.
    the price of the stock be almost totally based on the
    PE and what the PE will be in the future?
    the Green Bay Packers have put stock on sale. Since
    this orginization is a non-profit company, the stock
    can never give out a dividend. So what are you buying

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