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Charles Schwab has had earnings groth of 30% per year over the last five years, compared to 28% for INTC and 24% for MSFT. The PE ratio for SCH is only around 25 (and that based on a quarter when the expense of rolling out a huge IT project hit the books, lowering earnings). Looking forward for the PE gives you around 20ish. That wouldn't last long if the company made disk drives or internet software :-) Anyone agree? | ||||||||||||||
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