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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (84388)	10/21/2000 10:42:24 AM
From: Tommaso	Read Replies (2) of 132070

MB, I expect you have a dozen questions already to reply to, but here's another. I have been posting about this (as have others) on the Strictly Drilling thread (oil). Look at this: quote.yahoo.com According to Yahoo, OXY's P/E is 4.11. A doubling of the price would put the P/E at about 8, assuming no earnings increase at all--and at 12 assuming a considerable decline in earnings. The LEAP calls (2002) for OXY at 30 are selling at less than 1. If this $20 stock could get to forty . . . (make up the rest of the story, folks).

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