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Strategies & Market Trends : The New Economy and its Winners

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To: Bill Harmond who wrote (438)	5/22/2000 1:46:00 PM
From: Eric Wells	Read Replies (2) of 57684

BRCD - a good place to start talking about risks. On May 12, a Goldman Sachs analyst upgraded BRCD, sending the stock up from 101 to 106. With the company's earnings release, the stock then went to 126. Then, as you know, this morning, a Piper Jaffray analyst downgraded the stock - and so now it is 95. The stock has a PE of 501. It's trading at about 1/2 of it's 52 week high of 185. The company has strong revenue growth. But with the downgrade and the high PE in today's market, BRCD seems pretty risky to me. What do you think? -Eric

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