|From: jjevans (Rep: 9) reply to alectric||Date: 04/30/2017 14:12|
|Forum: Wall Street Pit - Msg #2672985 - List SPY msgs ||Thread #673924256 (Rec: 0) |
|Re: surprised by mkts tepid response to weak GDP, this may indicate the troug...|
You must work for Target...lol
| Reply to alectric - Msg #2672984 - 04/30/2017 13:56|
Re: surprised by mkts tepid response to weak GDP, this may indicate the trough is...Mkt does seem overly elevated to me. I work for a Fortune 100 company and the stock has hit record highs on 2-3% organic growth in revenues, 9% profit, but some of that was due to a stock buyback, and yet the stock is trading at a P/E over 20. The profit growth should reflect the P/E. Meanwhile, we haven't seen promotions in years, anemic pay raises of 2% if we get them at all, massive departures of key personnel, travel restrictions, etc. So if the company is flourishing, why such tight control over expenses? Doesn't make sense unless the earnings growth have come at the expense of employees.
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