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I’d consider TSLA when it hits $30/share. A P/E of 15 is about what I’m willing to pay for a car company - not sure they’re really a tech company, anyway, and even then, they’re a tech company under pressure.

Years ago (summer/fall 2008), I bought DE (John Deere) at $44/share. It was a P/E of about 7 at the time - way undervalued - and crisis or not - people needed tractors. At $464/share, it’s got a P/E of just over 19, high, but not high enough for me to worry.

P/E matters to me, fundamentally, I am a value investor.

I bought TSLA years ago, when it was $750 - got out at $900 - and I’m glad I missed the ride up, and the ride down.
 
Astro14 said:
I’d consider TSLA when it hits $30/share. A P/E of 15 is about what I’m willing to pay for a car company - not sure they’re really a tech company, anyway, and even then, they’re a tech company under pressure.

Years ago (summer/fall 2008), I bought DE (John Deere) at $44/share. It was a P/E of about 7 at the time - way undervalued - and crisis or not - people needed tractors. At $464/share, it’s got a P/E of just over 19, high, but not high enough for me to worry.

P/E matters to me, fundamentally, I am a value investor.

I bought TSLA years ago, when it was $750 - got out at $900 - and I’m glad I missed the ride up, and the ride down.
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I like to include Debt in my calculations, because debt is senior to equity.

So for example Google is P/E of 19, but no real debt - 25B on a 1.9T market cap.

Ford has a P/E of 7, but they have debt that is about 4X there market cap, so for me their P/E is really more like 35.

I picked those two only because there extremes and I currently own neither. But I actually do like Google here. Maybe tomorrow.

Value stocks are hard to come by currently.
 
SC Maintenance said:
I like to include Debt in my calculations, because debt is senior to equity.

So for example Google is P/E of 19, but no real debt - 25B on a 1.9T market cap.

Ford has a P/E of 7, but they have debt that is about 4X there market cap, so for me their P/E is really more like 35.

I picked those two only because there extremes and I currently own neither. But I actually do like Google here. Maybe tomorrow.

Value stocks are hard to come by currently.
Click to expand...
You can do well trading F , up .60 down .60 rinse and repeat .
 
SC Maintenance said:
I like to include Debt in my calculations, because debt is senior to equity.

So for example Google is P/E of 19, but no real debt - 25B on a 1.9T market cap.

Ford has a P/E of 7, but they have debt that is about 4X there market cap, so for me their P/E is really more like 35.

I picked those two only because there extremes and I currently own neither. But I actually do like Google here. Maybe tomorrow.

Value stocks are hard to come by currently.
Click to expand...
Agreed. I think the market was (perhaps still is) overvalued. Certainly way overvalued in the case of some particular stocks.

For the past two years, my retirement contributions have been 100% cash, and I’ve stopped re-investing dividends, as we look for bargains among today’s share prices.
 
Zee09 said:
Actually they do without getting political....drugs and the death and Insidiousness that comes with it...
The alternate Chinese pipeline. I do respect your thoughts however.
I agree we need to resolve it asap...
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I don’t believe that Mexico and Canada have a long term plan to crush the USA. I believe China does. Short and long term.
 
Ronsant said:
I don’t believe that Mexico and Canada have a long term plan to crush the USA. I believe China does. Short and long term.
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Canada and Mexico have a large and growing Foreign Direct Investment and mutual trade with China.

You can't have a trade war with China if they can simply back door it in via a trading partner. I think the fact that those two didn't want to play along is telling.
 
SC Maintenance said:
Well yesterday the Japanese said they were not going to bend over like walmart tent in the wind to make a deal, and the market dropped 3%.

Then Today Bessent said behind closed doors were close to a deal with the Chinese because the current situation is unsustainable, even though we are not actually negotiating with the Chinese yet, and the market went up 3%.

What part doesn't make sense. :ROFLMAO:
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I'm pretty sure China is about to cave...

Wall Street vs Main Street.
 
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SC Maintenance said:
Canada and Mexico have a large and growing Foreign Direct Investment and mutual trade with China.

You can't have a trade war with China if they can simply back door it in via a trading partner. I think the fact that those two didn't want to play along is telling.
Click to expand...
Canada has to trade with someone else if valued trading partner ignores USMCA agreement. Canada also holds about 406 billion in US treasury bonds which finance the US govt spending so they do have a vested interest. Global trading patterns are changing as we all can see a shift for now away from the US.
 
SC Maintenance said:
Canada and Mexico have a large and growing Foreign Direct Investment and mutual trade with China.

You can't have a trade war with China if they can simply back door it in via a trading partner. I think the fact that those two didn't want to play along is telling.
Click to expand...
They back door daily …
Oil for infrastructure has been a disaster for the people - but great for dictatorships … (expecting stupid replies to dictatorships) …
 
Geekhead said:
Canada has to trade with someone else if valued trading partner ignores USMCA agreement. Canada also holds about 406 billion in US treasury bonds which finance the US govt spending so they do have a vested interest. Global trading patterns are changing as we all can see a shift for now away from the US.
Click to expand...
Well said, but we also must keep in mind, even as trading patterns change. Countries are not really thrilled about getting in bed with China. No denying evil communist government void of human rights.
 
Geekhead said:
Canada has to trade with someone else if valued trading partner ignores USMCA agreement. Canada also holds about 406 billion in US treasury bonds which finance the US govt spending so they do have a vested interest. Global trading patterns are changing as we all can see a shift for now away from the US.
Click to expand...
This is not a new Phenomonen

If Canada can convince China to run a perpetual trade deficit they should absolutely go for it.
 
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