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Exactly. I just can't imagine why there are people buying stagnant print media at p/e 20 when they can get deep sea oil drillers with immense growth rates at p/e 10.

Buying influence is the only explanation.

Oh, and incompetence. Never underestimate incompetence.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Wed Jan 2nd, 2008 at 01:17:11 PM EST
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p/e ratios are not comparable across industry sectors.

We have met the enemy, and he is us — Pogo
by Migeru (migeru at eurotrib dot com) on Wed Jan 2nd, 2008 at 01:29:28 PM EST
[ Parent ]
That was kind of the argument...

By the way, when you look at the PEG it becomes utterly preposterous.

And one more thing, buying companies not to maximize profits, is that not the thing we are supposed to stop those sovereign wealth funds from doing?

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Wed Jan 2nd, 2008 at 01:58:30 PM EST
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