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Gold/Mining/Energy : CGI Group (GIB.A) -

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To: Sal Pugliese who wrote (489)	6/24/1998 12:03:00 AM
From: BM	Read Replies (1) of 1673

Sal, your fixation with the trailing P/E must be a constant source of concern for you. I'm sorry to see that and hope that the following thoughts may help. I think you can safely assume that the next six month's earnings (regardless of how good they are) will still not bring the P/E to a number that you will like. The stock has commanded a P/E over 100 for the better part of a a year now and the future has never looked brighter for CGI - my guess is that investors with the longer term in mind will continue to be willing to buy it at a premium. The words of Warren Buffet are particularly relevant - "I'd rather buy a wonderful company at a fair price, than a fair company at a wonderful price." If you still own this stock, and the P/E continues to trouble you, you may be better off selling it and save yourself some self-inflicted misery.

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