Lst week a doctor from Long Island City, New York asked, “Is there a website where I can find the earnings estimate for the next year of a certain company? I read somewhere that the fair price of a stock = next year’s earnings estimate X 20. I would certainly appreciate your help.” I told the good doctor he could find a decent free screener by searching Yahoo Stock Screener. But then I told him why it probably wasn’t a very good idea, and now I’ll tell you, too. There are MANY financial yardsticks by which stocks can be...
