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Non-Tech : Bill Wexler's Dog Pound
REFR 1.820+5.2%Nov 12 3:58 PM EST

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To: American Spirit who wrote (1763)7/9/1999 2:07:00 PM
From: Graeme Smith  Read Replies (1) of 10293
 
I get a PE for IMRS of 64 from datek, 52 from Yahoo and 57 from SI. I'm not sure where you get 34 from but since every firm seems to use different method of calculation it is possible.

Your right that they are phasing out of Y2K, so are all Y2K stocks, they have no choice. IMRS are doing a far better job than most but this doesn't affect the fact that they have an outrageously high PE. And not only is the PE very high it is based on earnings that have been temporarily elevated by Y2K work.

Some Y2K stocks may be worth buying at these levels, but CHRZ PE 9, CRYSF PE 8, KEA PE 15 - IMRS PE 60 should tell you that IMRS is definately not one of them.

Also I never gave anyone advice to buy CPU. I did invest in the stock but never remember suggesting it to anyone else.

Graeme
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