From: Bill Lucy 

In article , email{at}from_Gary_Britt.org says...
> I never said the only thing that affects a stocks price is earnings.
> However, this discussion isn't about and never has been about the theory of
> stock valuation in general.  Its about the false claim that oil companies
> are extraordinarily profitable this year.  That claim is false as
> demonstrated by their profitability as a percentage of sales compared to
> other corporations and is also demonstrated to be false by the fact that
> their share prices aren't trading at multiples of earnings that are higher
> than normal.

You were the one who brought up the stock price and P/E ratio straw man.

Don't blame me for calling you on it.

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