Opinions
Norman Levine
S&P/TSX Composite
TSX-I
DON'T BUY
Jun 12, 2007
Become very resource oriented, which is good when times are good, but when times aren't....
They are getting competition.
$13.000
Stock price when the opinion was issued
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COMMENT
The Price to Earnings multiple at this time is about 14.5x, which is in-line with its historical average. So even though the index has run up a great deal since 2009, it is not expensive compared to historical levels. It will probably lag the U.S. market, because of the instability of the energy sector.
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