From: "Gary Britt" 

Its not a strawman its quite valid.  The fact you think its a strawman
should disturb you.

Gary

"Bill Lucy"  wrote in message
news:MPG.1e0a880aae3c6a7d989777{at}news.barkto.com...
> 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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