Forward PEs look attractive?
Tim Farrelly | farrelly's Investment Strategy | 23 September 2013
The statement "Forward PEs look attractive" is often offered as an astute observation. In fact, it's almost a truism. Why? Because the perpetual, almost childlike optimism of analysts is such that the market almost always looks good based on next year's earnings forecast.
Recently, I reviewed a comparison of Wall Street analyst consensus S&P500 EPS growth forecasts versus actual results from 1995 to 2012. The findings were extraordinary, to say the least....
Not yet a Member? It’s quick and free to join. Already a member? Please log in.
© 2013 Portfolio Construction Forum, Brillient Investment Publishing Pty Ltd ABN 19 122 531 337. All rights reserved. Refer Terms & Conditions of Use.