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I'm a little fixated with P/E ratios, from what I have read P/E ratios of 14 or 15 have traditionally been considered healthy.
I understand that P/E alone should not be used to judge a stock for investment purposes and a company can be good vales even at a higher P/E, for example of they have the newest greatest must have product of some sort.
When I read the article, Foolish Forecast: UPS and Downs, on this site
it said "17 analysts keep watch over UPS's outbox, giving the company five buy ratings and a dozen holds."
So here is my foolish, wet behind the ears question.
What are the five looking at to justify buying UPS at P/E close to 200?
Thanks for any insight.
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