RE:RE:RE:RE:End of Year SP Prediction In the quantitative easing era, everybody forgot about P/E ratios and book values.Those days are behind us and a new era is upon us. We are not going back to the days that tech companies trade at 100 times earnings and a price to book of 10+.
All averages mean revert to its historical trends. As of this writing, Reitmans is trading well below its historical price to book values. At some point, this is going to matter.