S&P 27% undervalued versus bonds
Enviado: 29/12/2004 20:05Apreciem este comentário
"US STOCKS: OPINION via Lehman's Chip Dickson - "We are forecasting
near 8% earnings growth in both 2005 and 2006. The S&P 500 bottom-up
consensus EPS 4Q04 estimate is now $17.41, or up 15.2% versus 4Q03;
we're a little lower at $17.23. Top-down consensus is $17.15...2005 will
open with the market attractively valued, according to our model, for
the third year in a row. Our Fair Value model indicates that the S&P 500
is currently 27% undervalued versus bonds."
"US STOCKS: OPINION via Lehman's Chip Dickson - "We are forecasting
near 8% earnings growth in both 2005 and 2006. The S&P 500 bottom-up
consensus EPS 4Q04 estimate is now $17.41, or up 15.2% versus 4Q03;
we're a little lower at $17.23. Top-down consensus is $17.15...2005 will
open with the market attractively valued, according to our model, for
the third year in a row. Our Fair Value model indicates that the S&P 500
is currently 27% undervalued versus bonds."