The best stocks almost always appear expensive. But that doesn’t mean buying a basket of expensive stocks is a good idea.
In Barron’s, Tony Sacconaghi shows that stocks with a price-to-sales ratio of 15 or higher have not fared well going back to 1970.
In Barron’s, Tony Sacconaghi shows that stocks with a price-to-sales ratio of 15 or higher have not fared well going back to 1970.
These days, the market is flush with stocks that appear expensive based on this criteria. Sacconaghi notes that 25 tech stocks were in this bucket in 2017. Tod…
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