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One of the reasons these cheap ugg boots bailey button companies have been acquired with regularity is the fact that small cap P/E ratios tend to be very deceiving. cheap ugg tasman A big part of why institutions can rob investors of winning picks is that they know something most don't operating leverage and operating margin potential are much better measures of potential / future stock value.
Growth stocks, like Salesforce and Amazon (NASDAQ:AMZN), have been maligned for having high P/Es. However, this has been the case since their beginnings. If these stocks deserved to fall, they would have fallen long ago. Instead, both eventually became multi bagger darlings.
The reason is that P/E is deceiving. Companies cheap ugg boots online free shipping like CRM and AMZN invest a lot of money into cheap ugg classic tall ugg boots for cheap genuine boots their future growth. Thus, their expenses are higher. Their current expenses are supporting their current and future sales. Of course, revenue minus expenses equals earnings. As a result of their higher investment levels, the E in P/E has always been smaller than it could be. Consequently, their P/E ratios have historically been very high. Quite obviously, their high P/Es haven't been indicative of ugg boots for cheap prices inflated value. Anyone who thought otherwise missed their multi bagger runs.
In other words, companies like CRM and AMZN have been using their profits to build empires. Anyone who remembers when Amazon was just selling books can clearly see that they are a now a retailing empire. Ditto for CRM in the SAAS software arena. This rise to dominance wouldn't have been possible without investing their profits back into the business. As a result, they appeared to be unprofitable in actuality, they were simply investing more than they were pulling in.