Sean Russo
speaker
443 appearances
3 recordings
1 series
first heard Jun 2026
last heard 8 Sep
Sean Russo’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Sep 2026 with 1.
Appearances
Go ahead, Sean.
I thi th maybe this is a silly question to start out with.
Is there just no companies with less than ten X earnings?
Yeah.
So I I think we see a lot of counterpoints about complaining about the price of earnings and forward earnings and they throw up the price of sales.
So John, if you want to throw up price of sales sales, this is the trailing price of sales and it's at all time highs.
Um and this is the counter that a lot of people are saying.
But in my mind is this this is an inept argument.
counter to
Counter to the counter that I put in.
If a company turns more of each sales dollar into profit, its price of sales goes up, even if you're paying the exact same multiple.
It's a
A business earning two dollars on ten dollars of sales at fifteen times earnings trades at three X sales.
A business so if you if you have a company that has ten dollars in sales and their earnings are two dollars and they trade at fifteen times earnings, that's three times sales.
If that if that two dollars of profit turns to four dollars on the same ten dollars of revenue, still with the same multiple
The sales multiple doubles but the earnings multiple stays the same, which is what's been happening in this market.
There you have it.
I I I don't think it has to be like a whole new paradigm forever.
I think it certainly is a theme that we're gonna experience for the next whatever.
Like if we're gonna put an inning to it, we did this last time, like I would think we're in the first half of the innings.
Showing 21–40 of 443 · page 2 of 23
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