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re: Cash out on BAC?
Posted on 3/7/13 at 1:43 pm to LSURussian
Posted on 3/7/13 at 1:43 pm to LSURussian
quote:
That's the trailing P/E.
I used the ttm PE to suggest the stock does not have much value. Its PE is at around 50 now and eps is at .24 so the price is hovering around $12/share. BAC needs to continue to increase earnings to justify that price. I think hold is a good call, I wouldn't suggest buying.
This post was edited on 3/7/13 at 1:45 pm
1
Posted on 3/7/13 at 4:39 pm to gatorsimz
quote:Again that's the trailing PE.
Its PE is at around 50 now
Using the trailing PE as an important investment metric is like driving your car on the interstate by only looking in the rear view mirror. It might be interesting but it can get you killed.
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