I woke up this morning and went cruising in search of the next BIDU, i.e. a stock with growth but an insanely high P/E that is too high for the earnings growth. Instead, I found a stock that has zero or negative growth and still an insanely high P/E.

Pull up a 2 year chart of NILE showing the rolling EPS. You will see yearly EPS of $0.70 - $1.00. You will also notice that when their trailing EPS was $1.00 the stock traded between $20 and $55 a share.

We can call this the Botox killer.

Palomar Medical Technologies (PMTI) on Friday announced the FDA approval of their anti wrinkle laser device.

You are probably thinking: "I don’t want to hear about NutriSystem (NTRI); I lost money the last two quarters they announced!"

We all know the story. On October 24th, WellCare Health Plans (WCG) was raided by every state and federal agency. Investors and mutual funds heard the word "fraud" and ran for the exits.