Comments on: Bottom Fishing: 3 ETFs with Historically Low P/E Ratios http://www.etfexpert.com/etf_expert/2008/01/bottom-fishing.html Sat, 31 Dec 2011 21:25:49 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Scott Nash http://www.etfexpert.com/etf_expert/2008/01/bottom-fishing.html/comment-page-1#comment-104 Scott Nash Fri, 01 Feb 2008 13:27:37 +0000 http://02dc344.netsolhost.com/etf_expert/2008/01/bottom-fishing.html#comment-104 <p>I would add one other good one - REM, an ETF which wins the "Bad Timing" award. It invests in REITs that hold CDOs and came out last May at 54. I bought it at 26.72, and it's now at 32.39, and it STILL only has a P/E of 7.1. Of course, this will probably gyrate a few more times while the foreclosures work themselves through the system, but it should provide a nice return over a 2-3 year horizon.</p> <p>The only question I have about vulture buying is setting a selling point. Should I target a reversion to mean in P/E? As this is an ETF it's a little different than using fundamental indicators that you'd use for individual stocks.</p> I would add one other good one – REM, an ETF which wins the "Bad Timing" award. It invests in REITs that hold CDOs and came out last May at 54. I bought it at 26.72, and it's now at 32.39, and it STILL only has a P/E of 7.1. Of course, this will probably gyrate a few more times while the foreclosures work themselves through the system, but it should provide a nice return over a 2-3 year horizon.

The only question I have about vulture buying is setting a selling point. Should I target a reversion to mean in P/E? As this is an ETF it's a little different than using fundamental indicators that you'd use for individual stocks.

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