Glenayre Technologies(GEMS)- a pure cellular PCS play? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Glenayre Technologies(GEMS)- a pure cellular PCS play?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: van wang who wrote (1760)	8/18/1997 1:50:00 PM
From: David M. Selman	of 3431

Thank you for the interesting information on insider sales. I sold my gems at $20.25 a couple of weeks ago and am looking for a re-entry point. Anyone have any ideas? First call estimates for FY 1997 is $0.95 and $1.15 for 1998. This is earnings increase of 21%. Based on this, gems is fully valued (looking ahead 12 months) at about 21 x $1.15 or about $24.00/share. However, we all saw gems go down to about $9.00/share where the PE was about 9. I like to try and buy stocks where the PE is about half next year's earnings growth rate. This would make gems a good value at $12.00/share, but I must say I am tempted at todays level of $17.00. In the current market however, this may be risky. I still remember buying gems at $23.50 last Dec. and watching it go down really fast to $14.00 and then to $9.00. I averaged down to price of about $15.00, but the experience was one I would prefer not to repeat. Happy trading

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next