Nearly 500 companies hit new 52-week highs on the NYSE Wednesday as this rally continues to sprout new legs and shrug off any weakness. For bulls, these rallies may seem like a dream come true. For skeptics like me, they're opportunities to see whether companies trading near their 52-week highs really deserve their current valuations.
Keep in mind that some companies deserve their lofty prices. Discount grocer Family Dollar
Biotech Forest Labs
Unfortunately for Forest Labs, both drugs are due to come off patent within the next four years, meaning generic competitors Teva Pharmaceutical
You've got mail
I have a hard time remembering the last time I mailed anything, but Pitney Bowes
Look up here
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