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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Joe Stocks who wrote (38363)	2/9/2002 7:48:31 PM
From: Kelvin Taylor	Read Replies (2) of 53068

Good analysis Joe Larry knows GLW well, however, like you the $30-40 is too optimistic. To reach say $30 in 3 years from current levels the price would have to rise 300%. Doubling each year is not in the cards, IMO. Too many of us think just because a stock in the past was trading @ $50-100 it must go back to those levels, right? Nope. When bubbles burst it takes much time to recover. And GLW as with many stocks were full inflated. GLW is loosing money. The company is forecast to b.e. next year. Even if GLW can muster a $0.10 EPS profit @ 7.50 the PE = 150. Not exactly cheap. The real question is current prices a good buy for further price appreciation? IMO, probably so. More chance of 50% upside than 50% downside. In fact the current level would get excellent buy if the stock price doubled in say 18-24 months. It doesn’t have to be 30-40 to be a good investment.

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