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I believe Macromedia has excellent products and could be a power in the internet infrastructure. I sold my position at 31 and took a loss during this tech sector bombardment. I plan on reinvesting but am curious about everyone's opnion of Macr possible lowest stk price.
My belief is that at a P/E of 33.6 at 20.5(market at 2:00pm 7/1/96) investors are waiting for a more conservative position like 16 at approx a P/E of 26.23 or maybe as low as 15 at approx P/E 24.59.
I know the tech sectors P/E are high sky but compare Macr with Abde and how they handled this correction without this nose dive. |
