These Are Some of the Most Expensive Stocks I’ve Ever Seen…
March 25, 2012 at 06:00 AM EDT
The stock market is a game of expectations. And one of the best ways of gauging investor expectation is by looking at a stock's price-to-earnings ratio, or P/E for short. As readers of my Game-Changing Stocks newsletter know, I like to turn conventional thinking on its head. So while most investors like to look for stocks with low P/E ratios, ostensibly to find a "cheap" stock, I recently decided to look at companies that have high P/Es. My thinking behind this is that I just might find a stock with high expectations that are warranted and could outperform. First, a bit about P/E ratios… It's calculated by dividing a company's stock price by its earnings per share . . . → Read More: These Are Some of the Most Expensive Stocks I’ve Ever Seen…