Wefwef

An Opportunity for Patient Investors - Barron's

10x current earnings is good value. But when the future 3 quarters income drops 20% each quarter, the good 10x value becomes a very not-so-good 17.3x earnings. And nobody knows when the bleeding will stop. There's no recovery hope in sight for all of 2009 now. Visions of 2011-12 recovery are looking increasingly realistic. S&P500 may well hit 400 before then.