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Technology Stocks : USRX
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To: Deepak R. Ghosh who wrote (369)6/19/1996 5:34:00 PM
From: Jeng Chiu   of 18024
 
Was thinking of buying, but.......

Let me get this straight. Based on 1996 earnings of 1.68? this stock trades at a P/E of almost 50.
With a target of $130, that's a 50% increase from today's price. That would elevate the P/E to an Iomegan 80 times its earnings!
Fundamentals? my goodness. And until earnings do come out, USRX will be the subject of any Tech Volatility that would occur between now through July.
And this is rated a BUY????.....Explain this to a person who has sideline money to invest...(and yes I know that USRX is the dominant leader in the industry- if they weren't they wouldn't even be worth the 50 times earnings they're at now)
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