Monday, February 23, 2015
Nestle India, it is Selling at close to 50 Times Earnings
"The share market has gone up a lot over the last 12 months and the valuations are in most cases no longer terribly compelling," Faber, editor and publisher of 'The Gloom, Boom and Doom,' told CNBC's Indian affiliate, CNBC-TV 18, on Wednesday. "I just looked at Nestle India, it is selling at close to 50 times earnings," he added.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.
Posted by Nicole Bourbaki