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
Not unusual for a new market. Retailers, car makers, fast food, etc all went throught that phase. Most of them are gone now. Revenue for the internet sector is better than ever, and the growth rate is the best there is.
Which stocks in the 90s grew into their high P/E? Everything I followed did exactly the opposite.
That depends on the timing. Some of the best companies had no earnings, or high P/E's when they fist came public and people who invested there are doing very well today. As to the valuations of the late 1990's, in 10 or 20 years those may seem cheap.
23:1 for a national retailer is too pricey for my budget, good luck
That statement makes more sense. Comparing it to a late 1990's dot com didn't. I still don't think P/E by itself is a very good indicator for a stock.