Just saw this ticker NEE which seems to be the largest utilities sector company by market cap. Currently trading at $76 a share with a PE of 105, a PS of 9 and quite weak cash flow figures.
Market Cap $150b, Rev $16b, Income $1.5b. Anyone know why this company has such a high valuation and where the supposed growth will come from? If we enter a market, it just strikes me as the kind of stock that will be -80%.
Anyone know anything about it or have thoughts?
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