A curiosity

Is it possible for a company to look exceedingly expensive on P/E, P/S and P/FCF and yet be worth buying? I think it is: when those ratios are overwhelmed by ROIC, OM and FCFM. Such a company is MANH, in which I bought my final tranche today after starting the investment in 2014. The market seems to be taking a dim view of rather good results; maybe it has reservations about economic progress - although look at the VIX! 11.6! Good grief.

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