With P/E ratio at 1,698.33, I think the valuation is pretty darn rich. Granted this is a China stock, this doesn't grant them the right to print money like the US government. Remember - the Shanghai index dropped 40% yoy. What makes this company special?
Time to Get Out of CNOOC [View article]
finance.yahoo.com/q?s=...
I last checked Scottrade's P/E ratio for CEO, and it was in line with the one in this website, which is 17.6
Time to Get Out of CNOOC [View article]
Bullish on China Oil and Gas Play CNOOC (CEO) [View article]
The p/e ratio for this company is 1,698.33; and the EPS is 0.10!!!!! Not to mention the price is $171. This ain't your daddy's bank.
By the way, if you want to publish, you better have the guts to put you name against the article. I smell something rotten here.