Lou Ehrenkrantz
Lou Ehrenkrantz
analogy bad baseball company contract earnings eventually might nine pay player stock stop tech whose wind
The analogy is apt, but remember, when a baseball player has a bad year, that contract is renegotiated down very often. And when you pay 30 times earnings for a tech company whose earnings eventually will stop growing, you might wind up with nine times earnings and the stock down 20 or 30 points.
industries looking stocks
You look for undervalued stocks by looking at industries that have been overlooked.