Multiple Choice
Tuscarora Transportation Limited currently trades for $70 with a P/E ratio of 16.4. Python Logistics trades for $54 with a P/E ratio of 38.6. A conclusion that could be drawn from these numbers, is that the market believes
A) Tuscarora Transportation is less risky than Python Logistics
B) Python Logistics earnings will overtake Tuscarora Transportation
C) Tuscarora Transportation's assets are undervalued relative to its share price
D) Python Logistics is no longer a good investment
E) Python Logistics has higher earnings than Tuscarora Transportation
Correct Answer:
Verified
Correct Answer:
Verified
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