RE:RE:RE:RE:RE:Sheep herding to greener pastures or the slaughterhouse?Seeing as you decided to pick on the P/E ratio as the most appropriate valuation metric, can you tell me what happens to that ratio when the "E" goes up faster than the "P"? If someone bought Apple years ago at 80 x earnings (which is where it was trading) and sold it at 8 x earnings years later after the share price had quadrupled, does that mean it was a bad investment? And since when is it forbidden for a company in a brand new industry to be trading at a multiple many times higher than other companies that are already established. Why is Netflix or any oil company such a good comparison? It seems to me Steve, that you are simply slapping together emails to support your opinion (or agenda), however, I would urge you to do a better job of supporting your argument than simply saying that just because some oil company has a P/E of 20 x earnings that means that ACB is overvalued. By the way, are you using trailing P/E or forward P/E, because that is kind of crucial in this case.