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To: Grommit who wrote (30220)3/3/2008 3:50:54 PM
From: Paul Senior  Respond to of 74459
 
BMS. I'll clarify. Looking at the S&P past ten year history, the lowest high p/e number was 16 (the p/e in the year 2000). In every other year, the p/e got above 16. I'm saying I hope the p/e will, in better days sometime in the next 12-18 months, get to 16 or better yet again as it has in each year of the past decade. (I am expecting no decline in earnings/sh.)


And I haven't mentioned how low the p/e for BMS has been. Looking at that, if the p/e currently about 14, fell to the decade's low it would be at 9 (Which occurred in year 2000, according to the S&P numbers)

Imo, Bemis is a good company now at a fair price. Yes, there are better values out there. Every day seemingly. Still, if anyone could be comfortable about any stock or business these days, Bemis at current price, could be one. For a small position. In a diversified portfolio, of course -g-.