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Technology Stocks : Compaq
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To: Night Writer who wrote (87023)11/21/2000 1:01:25 PM
From: Elwood P. Dowd  Read Replies (1) of 97611
 
>>>>If a 16 forward PE is how the market is valuing stocks for 2001, a lot of stocks need correcting.<< Your statement confirms my assertion that a stock is only worth what the someone is willing to pay for it. Pes don't mean much any more, certainly not what they used to mean when it comes to influencing a stock's value. If CPQ was worth any more, it would trade for more, or at least return regularly to some higher range. I guess that with a pe of 16 that CPQ could be considered a "value stock." That and dollar will buy you a cup of coffee. El
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