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« For Nerds Only | Main | The Market Today » January 26, 2006 Breaking Down The OIHHere’s a closer look at the 18 stocks in the Oil Service Holders ETF (OIH). This has become one of the most popular exchange-traded funds on Wall Street. Since May 13, the ETF is up 75%. I’ve thought that this sector has been overpriced for some time. Yet, despite what I think, the stocks keep going up, up, up. With this chart, I wanted to show you just how high Wall Street’s expectations are. Look at the projected five-year growth rates. It’s rare for a company to grow its earnings 20% a year for five years, much less 30% or 50%. Thess projections are very optimistic. Note: This is a corrected version of my original post where I had listed the 35 stocks in the Dow Jones Oil Equipment Services Index. Thanks to Roger Nusbaum for pointing me in the right direction. You can see more info on the OIH here.
Posted by edelfenbein at January 26, 2006 3:58 PM |
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