RE: P/E of 50, is only problemWhat`s more important than P/E based on last year`s earnings is the projected P/E for the coming year. If earnings stay flat (not likely), than the P/E will be about 30 based on todays share price. If the earnings increase at 50%, than the P/E will be about 25 next year and less than 20 the following. So make your own projections and then decide what the stock is worth. You cannot value a stock based on one dimensional thinking.