Geoff Gannon August 29, 2017

The Market is Overpriced: These 3 Stocks Aren’t

Most stocks are now overpriced. Historically, a normal price for a stock has been about a P/E of 15. And historically, stocks have outperformed other assets. Therefore, it makes sense to buy above average businesses when their shares trade at a P/E of 15. Right now, I see 3 above average businesses trading at about a P/E of 15: Cheesecake Factory (CAKE) Omnicom (OMC) Howden Joinery I’m not buying any of these stocks personally right now. However, if you asked me right now whether or...

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