Why? Some of the best long term investments ever have been in stocks with high p/e's.
"Cult stocks" is what the dotcoms were in the 1990s, ie horrid long term investments.
Whatever happened to the internet, anyway?
What happened to the dotcom ? 70% went belly up.
I'm talking dotcom stocks, remember when one share of yahoo was $250.00, yahoo still around but the morons who bought it high lost a boatful of money.
Google was trading at 300 a share a few weeks back.
Which stocks in the 90s grew into their high P/E? Everything I followed did exactly the opposite.
23:1 for a national retailer is too pricey for my budget, good luck
Buy low, sell high