I'm buying more American Eagle Outfitters (AEO) today at 12 times current earnings.
Harley Davidson (HOG) is still headed clearly downward from $48 per share (12 times current earnings) with the sub prime mortgage crunch still impacting credit for big purchases of Harley Davidson motorcycles; however, should it drop closer to ten times next year's projected earnings per share of $3.65 ($36.50), I'll continue to load up on it.
Not much else is on the horizon for a value investor right now, so it appears we are in an over valued market, presently. I noted that they announced a 10% overall correction took place yesterday from market highs. That's good news for those of us seeking lower prices for stock purchases. We are entering a bear market for a while. Excellent!
Gene
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2005, In Front of IRS Building, Washington, D.C.
Diary of a Business Investor
Gene Chapman
2005, In Front of IRS Building, Washington, D.C.
About Me
- Gene Chapman, Author
- P. O. Box 295545, Lewisville, Texas 75029
- MahatmaGandhiGlobalLibrary.blogspot.com or LibertarianGlobalLibrary.blogspot.com gkchapman2012@hotmail.com "Creating World Peace One Word at a Time" And for those who wish, you are invited to participate in funding all aspects of and in the building of a physical library building within walking distance of both the White House and the U. S. Capitol Building in Washington, D. C., as a voice of nonviolence and a safe harbor for Gandhian intellectuals in this epicenter of political violence on earth.