Meade Instruments Corp MEAD Message Board

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Technology Stocks : Meade Instruments Corp MEAD

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To: RocketMan who wrote (42)	3/23/2000 2:02:00 PM
From: Bosco	Read Replies (1) of 175

Hi all - bought a little MEAD a few days ago. I am actually not particular a Gilder reader and I do not think Terabeam will contribute much to MEAD in the near term. However, when the news broke, I was nosy to check out MEAD. From Yahoo! Profile, obviously w/o the Terabeam scenario factored in, MEAD was severely undervalued co. If memory serves, when the stock was in mid 30s, the Yahoo! Research thinks her current year growth was 78%, next 5 years would be 25% [annualized] and p/e was 28. That would make her PEG less than .3. Fast forward to now, even with the stock being almost doubled, she still sports a sub 1 PEG and conservative balance sheet. My conclusion is that she is worth more even without the Terabeam story. The only difference between then and now is that the train is pulling out of the value camp and is about to embark on a growth journey Incidentally, here is the write up of the Terabeam in InfoWorld infoworld.com best, Bosco

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