Nearly everyone would agree that valuation hinges upon profits.
Investors examine profits for growth rate and for reliability.
Value investors such as Warren Buffett use a stock's internal growth rate and factor's in reliability of earnings when examining stocks. However, Mr. Buffett is not the only strategist in town. On Wall Street, strategies are nearly as rampant as opinions. Everybody wants to buy low and sell high. But determining what is low and what is high is the true question and everyone seems to have an answer.