Wal-Mart Message Board - Msg: 1720628

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Non-Tech : Wal-Mart

WMT 103.07

+0.6%

10:49 AM EST

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To: Ken Turetzky who wrote (58)	7/8/1997 1:14:00 PM
From: Leo Francis	of 1166

Ken, thanks for the info. But with target prices of only 39-40, it's evident these brokerages, are basically saying, "we're pretty fairly valued right now." WMT is trading at 26-27 PE, CPQ for example is at 22. WMT is a good company, but is over valued at current levels, and I still feel very confident of a correction fairly soon. Good Trading. LF

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