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Re: Re: [sharechat] Briscoes

From:	"Brian & Fiona Brakenridge" <pohuenui.island@xtra.co.nz>
Date:	Wed, 14 Nov 2001 08:39:33 +1300

SK:

Ben is right, a stock priced at 10c might be hugely overvalued yet one at $10 might be a relative bargin. To take it to an extreme Berkshire Hathaway (NYSE:BRK.A) is currently selling for US$69,000/share (that's NZ$164,000/share) and is trading on a PE of about 30 and many argue that BRK is fairly valued based on future earnings projections.

So don't be fooled by what seems to be a "cheap stock". Wait until the financial info is provided then lets do some basic analysis.

Cheers

Brian

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