what you wanted to know about cyclic stocks but were afraid to ask

[lethal_kamikaze]

re: what you wanted to know about cyclic stocks but were afraid to ask

@Southie

So let us say the p/e at peak earnings is 25 and at trough earnings is say 150 if earnings positive OR undefined if there is a loss. Intuitively which case is more appealing? Which case is likely to occur at top of a business cycle and which at the teeth of a recession?

I don’t understand how come there will be loss if there is no sales?