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Technology Stocks : USRX

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To: John Meares who wrote (17527)4/23/1997 1:45:00 PM
From: David Rubin   of 18024
 
The market is irrational. It is saying that companies growing much faster than the average S&P 500 company should have a far lower valuation than the average PE of about 27.

OK, so we all concede that these companies are not growing over 100% per year anymore. There was no way that could continue. But 30-50% growth is still well above average and this should be reflected in the stock price. Maybe when the false blue-chip euphoria is over people will come to realize that.
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