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Stock impact report

Stocks are just as expensive now as they were before the crash: Morning Brief [Yahoo! Finance News]

Berkshire Hathaway Inc. New (BRK.B) 
Last berkshire hathaway inc. new earnings: 11/2 07:00 am Check Earnings Report
US:NYSE Investor Relations: berkshirehathaway.com
Thursday, April 9, 2020Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET.SubscribeEarnings estimates are finally catching up to stock pricesEarly on in the market selloff, some market pundits were quick to say stocks were getting cheap as reflected by a forward P/E multiple that plunged from a high of 19x to 13x, which is considerably lower than the 10-yearaverage of 15xAt the time, Morning Brief readerswere warnedlag in analysts revisingA month later, analysts are still slow to revise their earnings lower some have evensuspended their forecastscoming down sharplyIn fact, if you only consider the estimates offered by analysts who’ve made revisions in the past week, you’ll find that earnings estimates are now so low that they’ve paced with the decline in stock prices. And if you know how arithmetic works, you know that means the forward P/E is now up.Credit Suisse’s Jonathan Golub observed that with the recent modest rebound in stock prices, that Show less Read more
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