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Technology Stocks : Able Telecom (ABTE)
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To: QuietWon who wrote (682)7/16/1999 1:25:00 PM
From: david james  Read Replies (1) of 700
 
Hey, nice to see this sort of thing when checking in. I might take a few profits at 16, but the rumors of buyouts floating around suggest higher. What is a $1.2 Billion backlog worth? They have a $450 mill rev run rate, so at a price to sales of 1, the stock would need to trade in the $30 to $40 range. And that is conservative for the telecom industry.

Dave
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