RE: evaluation Im not surprised from the downgrade of RBC.
can someone explain to me why this stock is at 47.5$?
The annual profit is aprox 1.04$
At curren price the P/E is at 45.6 time.
That's a lot.
Maybe it is because p/e is being reported on various sites as being between 250 and 550 (Google Finance has it listed at 400). I can.t think of a better way to scare away investors!