Over the weekend I was "tagged" to make my contribution to The 123 Book Meme. Here is the low down:
"Grab the nearest book that has at least 123 pages, open it to page 123, and count down 5 sentences. Then, type the next three sentences here. Then 'tag' 5 other people/blogs."
Credit Withdrawl was kind enough to tag me so here goes. My closest book is The Only Three Questions That Count
"The PSR [Price to Sales Ratio] tells you, in the event the name didn't give it away, a stock's price relative to its per share sales. It's just like a P/E but uses annual revenue or sales where the P/E uses earnings. A stock selling for $25 with $25 in sales per share has a PSR of 1."
There you have it. You have now learned a new metric by which to value stocks! Now I'll tag five new blogs (in no particular order).
Today I was also featured in the Carnival of Twenty Something Finances hosted this week by The Frugal Law Student. I'm going to spend some quality time this evening going through the carnival and commenting on some posts. It will be time well spent.
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