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[–] mkwt@lemmy.world 11 points 1 week ago (1 child)

If you think that Reddit will continue making money about the same as they have been, then 21 means that the stock is a bargain, and you should buy it.

If you think that Reddit's revenues are going to drop in a way that is not reflected in the current accounting statements, then the P/E is not an accurate measure of value, and you should stay away.

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[–] BlaestEgnen@feddit.dk 1 point 1 week ago

21 is not a bargain, look at bank stocks if you think a 21 p/e at stable income is a bargain.

The US stock exchange is completely inflated, but the inflation keeps new money from across the globe flowing back. As the 7% annualised gains in S&P500 are among the top of the world, but the entire growth is based on a perception people will continue to flow money into the ponzi scheme rather than underlying value.

Novo Nordisk, trades at 9.78 P/E. That's a stable profit stock.

Barclay's, trades at a 8.32 P/E. That's a stable profit stock.

American stocks are just inflated through the fucking roof.

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