Do P/E ratios tell the tale?

The article explores how Price/earnings ratios, based on trailing earnings or estimated profits are among the most widely used measures of valuation. Topics discussed include cheapest quintile of S&P 1500 Index stocks based on P/E ratio for current-year and next-year estimated earnings; management has shared the wealth with investors, employing stock buybacks; and retail pharmacies, primary-care clinics, mail-order pharmacy, pharmacy-benefit manager services, and health insurance.