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I have noticed a couple of times that c-k picks/suggestions don't have impressive PEG ratios.

This is true. The PEG ratio is not designed for, well, huge-cap companies. It's geared towards small- to mid-caps.

Cash-Kings are C-Ks in one part because of their sheer size, which will naturally take them out of the range needed by the PEG.

Hope this helps!
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