The stock market is nearing multiyear highs, pushing many stocks to pricey valuations. But don't let high earnings multiples fool you. There are times when it's OK to pay a high price for a great company.
In today's video, Matt and Paul discuss two names with P/E ratios of 300 and 400, respectively. Yet Matt thinks each could be a buy for investors with long time horizons. Watch the following video to get the names and insights.
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Matthew Argersinger owns shares of Paychex and has options on Amazon.com. Paul Chi has no positions in the stocks mentioned above. The Motley Fool owns shares of Amazon.com and Google. Motley Fool newsletter services recommend Amazon.com, Automatic Data Processing, Google, Paychex, and The Ultimate Software Group. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.