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Technology Stocks : Pixar Animation
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To: HECTOR RUBERT who wrote (2535)6/24/1999 7:58:00 PM
From: Im-patient  Read Replies (1) of 3261
 
Unfortunately, sort of, if you take the lowest estimate of earnings and multiply by the industry average p/e, you get a whopping 53.625...not too far off from current price...and end of fiscal year is when?

Of course, one can hope for better than the lowest estimate for this year...but what about next year...? And how stable is the industry average p/e....?....is the current average normal, high, or low...?

I don't know the answers....I just think that there is no obvious reason for exuberance.... Of course, I might start nibbling.....

Good luck
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