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Technology Stocks : Bay Networks (BAY)
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To: l. niedzwiecki who wrote (4070)4/16/1997 3:31:00 PM
From: missing   of 4270
 
Here is a simple question for all to comment on. Without getting too fancy in predicting BAY's price in the future, do we we think the stock is cheap at $17.5?
If the next , say , three quarters bring in $.12 share each then the fwd looking P/E will be 38. Thats double the market average. Please comment and find flaws with this argument.
I like to keep the stock but cant find the fundumentals to support it.
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