$WMT at $106 is still at 38-39x P/E 🚨🚨🚨 I said paying for 41x-50x P/E and 40-48x fwd P/E wasn't the best idea. I said this repeatedly in the last 2 years. These institutions kept trashing on semi stocks at 15-25x fwd P/E. It is a bad idea to buy anything above 30x fwd P/E with 5-7% growth. Of course Institutional managers are desperate for value, and clearly this is not exactly value here. Now what? Back to Semi or hide in MMF?
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