03-16-2020, 02:33 PM
(03-16-2020, 02:23 PM)Otter Wrote:(03-16-2020, 02:09 PM)vbin Wrote: PE still not attractive enough for some companies. Would love jnj below 10 PE, lol.
I would, too, but doubt it will happen. Even at the March, 2009 lows, P/E only dropped to 10.96 according to FAST Graphs.
JNJ has held up will but if they have just a few more court battles with Opioids this thing could tank much further. Just too much risk still with a PE of 24.
Market tanking again late in the day. We could trigger another halted seccion again tomorrow. The market should just go down 4000 points the next several days and wipe everyone out so we can go up again lol
I cant believe some of these reits like OHI, VTR, O WELL, and others. Trading like there all going out of business.