Don, Standard & Poors, rates SEI 4****, with a quality ranking of B, a projected growth rate of 30% per year , earnings estimate in 2002 of $1.55/sh (up from $1.15 in 2001) and a P/E to Growth ration of .30. Their stock price is well off it 52 week high of $23+.
You make some good and potentially valuable points and thanks for sharing. That's the feedback (perhaps minus the opinion regarding my credibility since S&P loves SEI way more than me) that is good to know about. Maybe you should write them, since they are one of the most conservative, well respected names out there and tell them that their credibility has suffered. S&P, unlike any of us, has the resources to research a company to death. If you are right, they should have mentioned that in their newsletter and factor that into their report, IMHO. If you are right, then they are obviously wrong giv\ing the company a quality rating of "B".
BTW - Everyone hopefully, everyone knows by now to never buy (or not buy) stocks based on what anyone says. Everyone is responsible for doing their own due diligence. |
