A. Some of these stocks are trading at seven to eight times earnings.

The stock trades at about $27, or 12 times earnings.

The stock market over all, he said, is selling at between 19 and 20 times earnings.

The stock is currently selling at less than 20 times earnings.

"Yet the stock sells at less than nine times earnings."

Even so, it trades at just 36 times earnings per share.

You can buy shares - in the few companies that trade - at an average of only four or five times earnings.

The stock is now trading at $47.25, or 25 times expected earnings.

The deal values the group at 7.2 times earnings for 2011.

But given the risks, should they really trade at 25 times earnings?