Comment / Value in North America's land transport: cheap, dirt cheap and expensive stuff

ID 368168749 © Andrey Popov | Dreamstime.com

Flash snapshot: when is cheap, dirt cheap?

And then: is it the time now for those chasing value in supply chain to pull the trigger?

Too early?

Well, well, well.

UBS analysts yesterday published a note, in which they wondered: what’s priced into transport stocks at the current prices?

Timely! 

Keeping it simple, as they acknowledged:

“We apply the five year average P/E [price-to-earnings ratio] to the current stock price which then produces an implied EPS. We then compare the implied EPS [earnings per share] to consensus ...