It targets our enemies in the East because it knows they will fire back and destroy us. The war of the machines has begun.
Its not the PE right now. I just posted they did $4+/sh in 07'. And they just sold their Florida cement business that was breaking even for over 5 x sales. Someone thought that was worth it that lives in that world. Using the same metric would double VMC from its current price which is about where it was in 2007 so I think that is what has been driving this one over the last year and will probably continue to do so until it gets back there.
This company can put up $4 to $6/share very easily. They are 26% below their 2007 sales peak and it did over $4 that year. And they said they were more efficient today than then. VMC has huge advantages that can not be duplicated because of location and the cost of shipping aggs is too high. In my opinion the only thing that can hurt VMC is if the US population stops growing. That's not happening any time soon. This is a buy and hold for the long term. In 20 years you 10 x your money.
You missed the point (the market got it today). AAPL mgmt will not let it go below 500 and they have a war chest to make it do what they want.
AAPL just spent $15 B to keep it over 500. With a war chest of $150B you can bet you as* it won't drop below 500 in the next several years at least. Not to mention they just increased next earnings by 35c next qtr by reducing 30m shares.
You were wrong. Admit it. I can remember at every 100 pt level from 300 you guys saying that GOOG was overvalued and would drop soon. Well all of you are wrong. And you know who you are. Assuming you haven't left already. Google is the Microsoft of the the internet era. Its a monopoly of one of the greatest markets in history. Google will hit and carry a 30 trailing PE for the next 5 years. Just like Microsoft did in the early 2000's. Accept it.
Microsoft had a similar monopoly in the desk top OS about 10 years ago. They ran a 30PE during 2003 and 2004. IMO, GOOG has a similar monopoly and should also carry a trailing 30 PE. That puts GOOG at 1324 when they announce 2013 Earnings in about about 4 weeks and 1562 if they meet expectations next year. Tell me why not?
Here's something to chew on. MSFT had a monopoly in early 2000's and held a 30 PE 2003 and 2004. We know the monopoly in crumbling in 2013 but is there any reason that GOOG can't hold the same PE right now? So that equates to 1324 right now and 1562 a year from now.