CABLE DESIGN TECHNOLOGIES (CDT) Message Board

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Technology Stocks : CABLE DESIGN TECHNOLOGIES (CDT)

CDT 1.835

+9.2%

3:59 PM EST

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To: battle beast who wrote (25)	8/19/1997 1:00:00 PM
From: Daniel L. Schuster	of 107

It's been a while since there has been much on this thread... I'm in to CDT at about 20. Any thoughts anyone on how much more upside there is in this stock? Currently (as I write this) CDT is at 35 and I'm thinking of getting out in the high 30s, assuming it goes that high. I base this on a couple of things... -the manager of PBHG fund (I believe) picked 40 as a target price in a Money magazine article from early this year. (That was what got me interested in the stock, btw.) -a comparison of the current PE ratio (about 20) with historical PE ratios (9-26) indicates a max of about 20% growth left in the PE, indicating a stock price in the low 40s as a potential short term high -psychologically, I'd like to lock in some profits. As I've already locked some in, I don't HAVE to do it, and might be content to make this a long term holding. Thoughts? dan schuster

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