Discounter of the New World: Bargain of the Century!

May 1, 2017
TheStreet: There's Hope for Survival Among Retailers

Burlington (BURL) , a discount apparel retailer, may seem expensive with a price earnings ratio over 30%, but it fits squarely in the model...

P/E of 30%? Wow! Only have to pay $3 for $10 of earnings? May seem expensive? Hardly! Sign me up!!

As an investor over 0.75" tall, I have to wonder about the percentage math though. Seems too good to be true.

Dammit. The actual P/E is 33. Turns out it was just more fake news from the same people who brought us the Winners of the New World back in 2000. Sorry about that. ;)