From: "Gary Britt" 

You're right.  The information is the fact that the market hasn't bid up
the price of the stock high enough to affect its P/E ratio which would
certainly happen if the market expected continuing future extraordinary
profits. Their good quarters this year just offset their dismal quarters in
2002. Now, find another toothpick to focus on so you don't have to try and
understand how the toothpicks interrelate and work together.

Gary

"Bill Lucy"  wrote in message
news:MPG.1e0cf78a9b05e216989791{at}news.barkto.com...
> In article , email{at}from_Gary_Britt.org says...
> > It is amazing your inability to continue to show your complete inability
to
> > even focus your questions and thinking on the subject at hand.  Are we
> > discussing whether people are buying telecommunications stocks?  Did I
say
> > nobody was buying telecommunications stocks?  We are discussing whether
the
> > oil companies are extraordinarily profitable compared to other
companies.
>
> You are the one who brought P/E ratio to the discussion. You continue to
> beat this dog. My task here is to indicate that it's only a piece of the
> information, it's not THE information.
>
> The beginnning or our discussion was the posting of the FACT that Exxon
> Mobil set a record for quarterly profit at $10 billion. Total industry
> profit for the quarter approached $20 billion, a record.
>
> I believe that any reasonable person would consider these profits
> extraordinary, since setting records by their nature are
> "extraordinary".
>
> You can deny that by using some comparison that represents your best
> spin. You've tried and, IMHO, you have failed.

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