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I once was a big believer in P/E, but I've decided that it doesn't really do much. It kind of identifies when a stock is out of favor, and if it's out of favor that doesn't portend growth.
I tend to screen for four things these days: earnings per share growth, revenue growth, dividend, and recently I've been looking for sustained (multi-year) price momentum. Give me three of the four and I'm good to go, and I'll consider a stock with two out of the four.
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I'm putting random letters here as a celebration of free speech: xigrakgrah misorojeq rkemeseit.
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