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Technology Stocks : JPM Co. (JPMX, formerly JPMC)
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To: Jocelyn Bolick who wrote (130)11/5/1997 11:06:00 PM
From: Gordon Quickstad  Read Replies (1) of 157
 
There has been weakness in the Electronic Contract Manufacturing sector. JBIL is around 50 after comming down from 70. The December stock offering will probably dilute JPMX's earnings some. The PE ratio looks pretty good though, and looking ahead to '98 if the 1.30+ earnings are realized, this stock should be a good value now. With all the momentum investors out there, few are willing to step up to the plate with the stock on the downward slope. If would level out (consolidate), it would ease nerves and the inertia players will step up again, i think.
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