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Technology Stocks : Glenayre Technologies(GEMS)- a pure cellular PCS play?
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To: viggy vig who wrote (1374)7/10/1997 7:03:00 PM
From: Jeffrey L. Henken   of 3431
 
ZRAN, PE is way too high! This stock has about a 35 to 40% growth rate. If I was investing based on earnings I wouldn't buy until the PE fell to that level. Can the stock go back to 30? Happens all the time. I just wouldn't risk it myself. After all look at what happens to even exceptional companies like ASND and CSCC when their PE got that high. BTW everybody, I can't find any reason for the break out today on GEMS. Good Luck, Jeff
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