These 3 Stocks Are Trading at Ludicrous P/E Ratios. Should Investors Avoid Them?
The higher one climbs, the harder one falls. Such is the fate for stocks that are trading at ridiculously high price-to-earnings ratios. This is especially the case in the context of the ongoing market sell-off, where the S&P 500 has now declined 8.3% from all-time highs.
These three companies -- an electric vehicle (EV) maker, a videoconferencing leader, and a struggling biotech -- already have their growth potential maxed out in their stock prices, if not more. Today, let's look at why investors should be in no hurry to buy their dips.
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Source Fool.com
