XON - Exxon Corp. Message Board

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Gold/Mining/Energy : XON - Exxon Corp.

XOM 149.15

+2.2%

3:33 PM EST

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To: denise v. who wrote (104)	6/11/1997 10:23:00 PM
From: Scott Hinman	of 242

Hi all, Still holding onto my Exxon stock and counting my profits as well! I do have a few concerns regarding its recent price runup. Oil is at something like $18.00 a barrel, its lowest level in quite some time. Exxon's earnings are only supposed to grow at about 4-5% from 1997-1998, yet its p/e is approaching 20 quite quickly. It just seems like it is getting a bit overvalued (like the whole market!). I mean how much higher can it go, it is not a tech company with earnings doubling every year. Not trying to be a pessimist, but what do you all think of this? Thanks - Scott

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