Retail Stocks are Incredibly Expensive, Set to Get Smashed

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Would you pay 32x forward earnings for a retailer? Amazingly, this is the valuation other “investors” have put on the top 5 holdings in the S&P retailer fund.  S&A’s Frank Curzio writes: The top five holdings in the S&P retailer fund are trading at an average forward price-to-earnings ratio of 32. That’s more than twice […]

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