Surveillance: Formula One Growth with Horner
Bloomberg Surveillance
00:00
Is John Deere Trading at 9, 10, 12 Times Earnings?
I think that earnings estimates are coming back down to earth and I think that that's a good thing. The challenge is when you think about what the market price is off of, the marketprice is off of a forward multiple. Is John Deere or whatever trading at 9, 10, 12 times earnings? Are they valued traps where they sit there forever? And I only think that they're valued traps if the Fed returns to zero.
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