$63 in 2009 before financial institution write downs we are now roughly 14.6x based on that estimate.
Bullshit $63. i've read $45-$50 earnings 5 times at least for 2009. 19 times 2009 earnings. This mkt's a sham
Piggie, your number includes write-downs. This market is looking past 2009 and is assuming a recovery. I don't necessarily agree, but that's where we're at right now.