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  • hey_rob69 hey_rob69 Feb 5, 2014 12:18 AM Flag

    AMAZON P/E High is Good. High equals growth stocks, not value

    From an article I read. The ten best performing stocks in the nasdaq 100 right now, with gains over the past 12 months ranging from 83% to 398%, have an average forward P/E ratio of 68 times this year’s estimated earnings. “If you just use P/E as a measure you’re missing out on some of the greatest winners throughout history,” “If you're a value investor you can use it. But for myself and people who are looking for growth stocks that can move over the long run, P/E is not useful.” 2003, when Apple was trading at less than $10 a share. If you balked at paying 72x earnings, then you missed a ride that took shares of the iPhone-maker from $7 to $700.

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