At first glance, the concept of a Spam-and-Rice Combo may seem unappetizing and unoriginal. After all, Spam, a canned meat product made from pork shoulder and ham, has long been ridiculed for its processed nature and high sodium content. Couple that with a bed of plain white rice, and it's easy to see why some would turn up their noses at this unassuming dish.Imagine if for $1 million you could buy a business that makes $100,000 in annual profit. In investing lingo, one would say this business trades at 10 times its earnings or at a price-to-earnings (P/E) ratio of 10. It's helpful. In this particular scenario, one would recoup the purchase price after 10 years. Year 11 and beyond would allow the investor to make serious money. Of course, it's an over-simplistic way of looking at things. In the real world earnings are rarely static. But it still demonstrates how a P/E ratio works and why one would want to buy a business at a lower P/E ratio if at all possible. Buying shares of Costco Wholesale ( COST 0.88% ) at a lower P/E ratio is not possible right now. As of this writing, Costco stock trades at 55 times its earnings, which is just the second time in its history that its P/E ratio has gone over 50. COST PE Ratio data by YCharts Costco stock is up approximately 60% over the past year, which is crushing the S&P 500 and consequently attracting at lot of attention from investors. But should investors buy with the P/E ratio this high? Well, investors can use history to guide that decision. Here's what happened last time In early 1999, Costco stock jumped up over 50 times its earnings. The famous dot-com bubble in the stock market was in full force at the time. Costco stock would go on to hit an all-time high (at the time) in early 2000 right as the stock market bubble was about to pop. It eventually did pop and Costco stock lost roughly 50% of its value by the end of 2002. Keep in mind that Costco's business continued to perform quite well over this time. From the start of 2000 through the end of 2002, both revenue and earnings per share (EPS) were up. But the stock still got cut in half. COST data by YCharts One might argue that it's irrelevant to note that Costco's P/E ratio was over 50 at the time. After all, when a bubble pops, almost all stocks go down regardless of valuation. But one could also argue that Costco's lofty valuation was the direct result of the bubble, making it very relevant indeed. It's possible that the S&P 500 is currently in bubble territory yet again. From a P/E ratio perspective, the S&P 500 currently trades at its second highest valuation since the dot-com bubble popped over 20 years ago. The only other time it was pricier was in 2021, right before it plunged in 2022. In other words, Costco's P/E ratio is over 50 again and an overvalued market could be the culprit, just like in 2000. And back then, Costco stock wound up dropping by over 50%. Here's what will probably happen this time A lofty P/E ratio is usually only appropriate when a company can achieve above-average earnings growth. But at Costco's current size, I think earnings growth will be somewhat modest. For this reason, I wouldn't be surprised if the stock drops in the near future like it did over 20 years. In short, I'm comfortable saying it's overvalued today. But there's more to the story. It's true that Costco stock dropped, which was tragic for any investor who invested all of their money at the top. But the company has a great business model and it eventually regained highs and has been an extraordinary long-term investment, gaining over 1,900% since 2000. In other words, Costco stock was a great stock to dollar-cost average into when its P/E ratio was over 50. Consider the potential returns from the table below. Investment Date Investment Percentage Return by 2010 Value by 2010 Jan. 1, 2000 $1,000 58% $1,583 Jan. 1, 2001 $1,000 81% $1,808 Jan. 1, 2002 $1,000 63% $1,627 Jan. 1, 2003 $1,000 157% $2,573 Jan. 1, 2004 $1,000 94% $1,942 Total $5,000 91% $9,533 Data source: YCharts. If someone invested all of their money in Costco stock at the valuation peak, it took awhile to recover. And 10-year returns of 58% weren't fantastic. But by continuing to invest in a top company such as Costco over time, investors were able to greatly improve their long-term returns while avoiding being the victims of a stock market crash. That's a powerful thought. I believe Costco stock is overvalued today and I would avoid making a substantial investment in the company at this exact moment. That said, I also believe that Costco is one of the best and most resilient businesses around, meaning this is a stock that's worth holding in a portfolio. For those who agree with me regarding the quality of Costco's business, I think it could be a great idea to space out an investment over the next several years. This will help you avoid the risk of buying overvalued shares before a potential drop in the market.711 jili 。

The EU regulatory agency wasted no time in launching a thorough investigation into the alleged deal, deploying a team of experts to gather evidence and assess the potential impact on the market. The agency's swift response underscored the seriousness with which it viewed the situation and signaled its commitment to upholding the principles of fair competition and consumer protection within the EU.In the end, the sudden plummet of Bitcoin and the subsequent liquidations of nearly 570,000 traders served as a stark reminder of the unpredictable nature of the cryptocurrency market. While the future remains uncertain, one thing is clear: the days of smooth sailing for Bitcoin are over, and investors must brace themselves for the choppy waters that lie ahead.

Vandersa: Last year's cerebral hemorrhage was a bit of a shock. I did not expect a robust 52-year-old man like me to experience something like this.

CU Buffs star Travis Hunter named as finalist for Heisman Trophy

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The decision to arrest a sitting president is not one taken lightly, and the repercussions of such an action are sure to reverberate throughout the nation. Calls for calm and unity have been issued by both the ruling party and the opposition, as fears of civil unrest and division mount. Now more than ever, it is crucial for the people to come together and stand united in the face of uncertainty and upheaval.

Back in August, Netflix suffered from a massive leak that saw full episodes of shows like Arcane , Terminator Zero , and Ranma 1/2 leak online ahead of their official release. At the time, Netflix released an official statement saying it was “actively taking action” against the perpetrator of the leaks, and now the streamer has set its sights on Discord to unveil the perpetrator behind the leaks. A new report from Polygon reveals that the Northern District of California court has issued a subpoena to Discord, demanding the social platform disclose information that could reveal the identity of a user implicated in the leak. According to Polygon, Netflix’s Discord subpoena earmarked an unreleased, copyrighted image from Squid Game season two, uploaded by user @jacejohns4n. In a now-deleted interview posted on Telegram , the leaker credited themselves with the person behind the “worst leak in streaming history.” “One of our post-production partners has been compromised and footage from several of our titles has unfortunately leaked online. Our team is aggressively taking action to have it taken down,” a Netflix spokesperson wrote to IGN at the time. As Polygon notes, the Netflix partner impacted is Lyuno, a California-based localization firm whose clients include major studios like Amazon Studios, BBC, Disney, DreamWorks, and HBO. At the time, IGN reported that the leaked shows populated on fringe websites like 4chan before circulating on other social media platforms like X/Twitter and TikTok. According to IGN, all of the aforementioned leaks featured burnt-in timestamps, watermarks, and unfinished animation renderings for Arcane ‘s first and second act. Other Netflix series included in the leaks were animated films and TV shows like Plankton: The Movie , Spellbound , and Jentry Chau vs. The Underworld . A Lyuno spokesperson addressed the security breach and issued a statement on the company’s official website. “Protecting our clients’ confidentiality and ensuring the security of their content is our highest priority,” Lyuno wrote. “We are actively investigating this security breach to mitigate any potential risks and identify the responsible parties.” While Discord has yet to make an official statement on the matter, the Verge reports that Discord is already juggling a subpoena from MapleStory developer Nexon accusing the platform of refusing to comply with the Digital Millennium Copyright Act ordering it to disclose user information for folks sharing pirated copies of the game. “Discord is committed to fulfilling its obligations under the law, but acting as your copyright assertion partner is not one of them,” a lawyer representing Discord wrote in a letter regarding the Nexon case . As with most things, time will tell whether Netflix cracking down on Discord will unearth the identity of its leaker and what punishments will be doled out to them and other parties involved. Seeing as how much of the shows subjected to leaks are big marquee titles for Netflix, the streamer’s hammer of justice will likely be one for the ages.