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Biotech / Medical : VISX
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To: capitalistbeatnik who wrote (1308)10/1/1999 2:35:00 PM
From: William Nehls  Read Replies (1) of 1754
 
VISX is a great company but this market is not willing to support the level of PE VISX carries. It is trading at 41 times year 2000 estimate of 1.75 and over 50 times 1999 estimates.

We are in a very bad market situation and caution is the game. Good luck but be very careful with high PE stocks.
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