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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts
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To: Jorj X Mckie who wrote (47683)8/3/2000 12:21:39 PM
From: wlheatmoon  Read Replies (1) of 63513
 
tom,

i don't think you can be unemotional about csco.

pe on csco remains ridiculously high and unless they're quadrupling their earnings, it will remain ridiculously high (assuming the recent price of csco).

this doesn't mean csco won't go up or go down, it's just that csco's pe is high.

obviously, csco is a fabulous company and doing very well.

but the fact remains that the pe is high. only mr. market can tell us whether that's sustainable. i sure as heck don't know.

mike
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