# peg

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Related to gastrostomy: tracheostomy, gastrostomy feeding

## Pegging

1. The practice of fixing the exchange rate of a currency to the value of another currency. Most countries that peg their currencies do so to the U.S. dollar, though some peg to currency baskets. See also: Fixed exchange rate.

2. The act of buying a security in a large quantity to drive up the price. Writers of put options (and holders of short positions) practice pegging when the expiration date is approaching and it appears that the option will be exercised such that it puts the writer at a disadvantage. The idea behind pegging is to cause the price to rise so the option is not exercised and the writer can profit from the premium.

## Price/Earnings-to-Growth Ratio

A ratio of a stock's valuation, that is, how expensive a stock is relative to its earnings and expected growth. It is calculated as:

PEG = Price/Earnings/Annual Earnings Growth per Share

A lower ratio indicates a less expensive stock with higher earnings and growth, while a higher ratio indicates the opposite. According to Peter Lynch, who popularized the ratio, a fairly priced stock has a ratio of 1.

## peg

1. To fix the price of a new security issue during the issuance period through buying and selling it in the open market in order to ensure that the price in the secondary market will not fall below the offering price. Also called holding the market, price stabilization, stabilize. See also stabilization period.
2. To fix the rate at which foreign currencies exchange with one another.

## Price/earnings-to-growth ratio (PEG).

To find a stock's PEG ratio, you divide the stock's price-to-earnings ratio (P/E) by its projected annual earnings per share (EPS) growth. The result is a rule-of-thumb assessment of whether the stock is overvalued or undervalued.

In brief, if a stock has a PEG ratio of 1, you conclude that investors are paying what the stock is worth based on its P/E and growth potential. If it is higher than 1 -- say 1.55 -- you conclude that investors are paying more than the growth projection justifies. If it is less than 1, you conclude that the stock may be poised to appreciate in value and so a wise purchase.

However, a PEG ratio, by itself, does not provide an adequate basis for an investment decision, any more than a P/E does, because it doesn't take company fundamentals into account. For example, an under-priced stock may be a good buy, but it may also be the sign of a company in poor financial shape or an industry in trouble.

The potentially greater problem is that growth projections, even when they are the consensus finds of professional analysts, are just estimates. That is especially true of estimates that look out five or more years, since there is no way to anticipate the shifting marketplace with real precision. Yet projections based on a single-year's results are notoriously inaccurate.

In short, a PEG ration can be a valuable addition to an investor's toolkit, provided you understand the assumptions on which its components and results are based.

References in periodicals archive ?
The unique case presented in this report describes an adult patient with a retrograde jejunoduodenogastric intussusception secondary to a gastrostomy feeding tube.
Non-invasive ventilation and gastrostomy may not impact overall quality of life in patients with ALS.
Percutaneous endoscopic gastrostomy (PEG) is a feeding tube via a surgical opening into the stomach made through the skin and abdominal wall or percutaneously, using an endoscope.
In infants and children with on-going feeding difficulties, gastrostomy placement may be an option.
Persistent gastrocutaneous fistula (GCF) after gastrostomy tube removal is a well-recognized sequela of long-term use, with a reported incidence of 2 to 44%.
A bolus or gastrostomy tube should not be used to administer feedings.
David" was an 8-year-old African-American male who was admitted to a residential home for children with medical complications at age 2 years and 11 months with a medical diagnosis of a gastrostomy, tracheotomy cranial nerve dysfunction, post encephalitis, and brain stem and cord dysfunction with central hypoventilation.
a bioethicist, recently stated that in the last few years the Mercy Health System in Philadelphia has been confronted with more and more "elderly and homeless persons who have no family or durable power of attorney for health care and have medical conditions that require mechanical ventilation, artificial nutrition, and hydration by percutaneous endoscopic gastrostomy (a procedure wherein a tube is introduced into the stomach), intravenous antibiotics, various medications, and other similar treatments.
6) and log percentage of residents using gastrostomy tubes within the nursing home (adjusted OR 3.
Doctors at Whiston, and later at Alder Hey where Dylan was treated from last October until his death,battled to help him with a series of operations including two tracheotomies and a gastrostomy.
He couldn't feed himself and had undergone an operation to insert a gastrostomy tube into his stomach, so his family could feed him.

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