Is there Really a Bubble in Quality Stocks? – I
There is a lot of chatter in the market these days about ‘quality bubble’. It is easy to see where this is coming from. Hindustan Unilever is quoting at a P/E (price-to-earnings) ratio of 70, while Nestle’s P/E is 83 and that of Procter & Gamble (P&G) is 92. These are extreme valuation levels. Those who have been around during the dotcom bubble of 2000 would recall similar sky-high valuations...
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