Stocks only a short could love
A health care company, Allergan Inc., had the second-highest P/E. Its stock price of about $71 is almost 1,200 times its recent depressed earnings. In its best year, 2009, Allergan earned $2.78 a share excluding extraordinary items. The current share price is 26 times that figure, suggesting that the stock is pricier than it should be.
[Photo: Bloomberg News]