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adrifter and WU999...
by: internet_bandwidth_police
4/7/00 5:22 pm
Msg: 5660 of 5662
i wish i could resurrect a post to this board i made back in october...i made a cut and dried case for PER not
going anywhere for the next few years...so to that tune, me and WU999 are in agreement.
one can never discount the ability of a greedy stock market to run up a stock and i never take part in day-to-day
volatility predictions on any individual issue...with that said, this is my stance;
PER has announced some interesting initiatives recently...these initiatives will take time to mature and have an
impact on the bottom line...do not expect PER to grow beyond roughly 25% annual for the next several years top
and bottom line...earnings per share will continue to experience a dilution effect while such a significant proportion
of outstanding PER is held in the form of employee stock options...i've already stated my prediction of a 6 month
bear market (we're already in it, you just can't tell based on the last 2 trading days)...if i am right that PER will see
$16 sometime in the next 2 months, it is hard to see PER anywhere near $30/share in 2000....at the earliest, i
could see PER at $30/share in the summer of 2001...but even that would probably be the top of a trading range
of 25-30.
some won't like what i have said, and i am sorry, but this represents my humble opinion...PER has a history of
running up in anticipation of earnings...with earnings coming in early May, we might actually see $25 in the near
term, bear market allowing...if i were looking to "trade" PER in the near term, i would look to sell in late
april/early may, then re-acquire PER in late MAY.
good luck all, be wary the sleeping bear,
IBP :-)
Posted as a reply to: Msg 5658 by adrifter_69
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