If
a stock hit a high of 75, is it now cheap if it's at 50? How about 40? 23?
Where a stock used to trade may have little to do with what it's worth
now. CISCO hit 75 in the year 2000 and
sixteen years later it's below 23. And
that's for a great company. Amazon has
recently fallen from around 700 to 490.
Is it cheap? Who knows? Some experts will always says yes and others
will always say no.
Larry Pike, CFA
www.clientpriority.com
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