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Gold/Mining/Energy : BCE Blue chip growth stock
BCE 22.67-0.8%Nov 3 4:00 PM EST
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To: SBHX who wrote (185)2/18/2000 7:56:00 AM
From: Sili Investor  Read Replies (1) of 275
 
You cannot use a $.15 loss for Nortel in your calculations. That includes a one-time write-down of the Bay Networks acquisition. The better number to use is the $.55 per share profit before the writedown.

Using that number, you get a P/E of about 25 if you consider a $45 per share price (Cdn). Still low from where I sit given the average P/E of the DOW and the outrageous P/Es of the Nasdaq.
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