Panasonic Corporation (NYSE:PC)
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The Company is engaged in the production and sales of electronic and electric products in an array of business areas.
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The Company is engaged in the production and sales of electronic and electric products in an array of business areas.
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I am going to go the other way on this one. They are selling for less than book, with 10 billion in cash. I could argue that after backing out cash and looking at earnings less depreciation, that they have a PE of less than 10. I would more reasonably put the PE at about 20.