And empire resources has a PE of 7.81 and it has done NOTHING for over 2 years. I am attaching a very instructive chart for those who believe in quick rallies(like DOW 14000 soon crap).
Everything will be "fairly" valued when P/E's AND dividend yields are approximately equal....in the mid-single digits. We'll see.
RIMM is a one product company, squeezed by apple from one side (Iphone), google (Android) from the other, and Microsoft (WM) and palm adding to the punches. Add to that a disastrous economy, even worse among the high margin services industry where they get most of their sales. They're toast. short the stock, it's going to ZERO.
$180 easily. RIMM will go to $900 by 2010. You, me, and the Lord. We're going to heaven soon only by buying RIMM.
People have to be f'ing naive to believe in P/E ratios. I am looking at a chart of DRYS and bigcharts.com says it has a 0.70! ratio at the moment(it also has a 5.65% yield). Clearly the market did not give a damn about P/Es on the way down. Why should it start now(or ever)?