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Technology Stocks : PC Connection, Inc. (PCCC)

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To: polarisnh who wrote (164)11/2/1999 12:55:00 PM
From: Carl R.  Read Replies (1) of 180
 
Actually I disagree. I think the stock could run to as high as 40. They are an internet company, after all. Of course it is true that they are profitable, so that significantly limits their value. <VBG>

Seriously, at today's price, if you threw out all their non-internet sales they would have a PSR equivalent to EGGS, DRIV, or BYND. My only regret is that I didn't buy at 12, but rather waited until 18 to jump in.

Looking at it another way, they are growing at over 60% a year and selling at a PE of 18 times trailing earnings, or 13 time projected 2000 earnings. I don't see any reason they couldn't be trading at a higher level.

Carl
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