ARE WE SEEING A NESTLE BUBBLE – SHARE PRICE NOW CLOSE TO A RECORD N1K PER SHARE

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Nestle Shares closed at N910 today (20/2/2013), N90 less than a record N1000. Back in November when I reviewed Nestle’ the share price was about N607 and has a year low of N400. It’s not hard to see why the company’s shares is highly sought for as it has continued to report impressive results. However, the current share price puts it at over 60x its trailing earnings, a P.E ratio that can be considered bubblish in a way. Its dividend yields by the way is under 2%

Would I buy at this price? Hell no!! Is it a stock with good fundamentals? Hell yeah!!