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

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

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To: Kevin K. Spurway who wrote (1775)	8/26/1997 4:56:00 PM
From: David M. Selman	of 3431

I used to agree with you about the value of this stock, but I'm not so sure anymore. Expected earnings growth from FY97 to FY 98 is 18%. Stock is currently trading with a PE of about 18 (trailing) and forward PE of 15. It seems near fair value to me. The one possibility is for an earnings surprise this quarter, but there have been no surprises over the past 3 quarters and no announcements from the company of any big new deals. I've already seen the bottom drop out of this stock when it went from $23.50 to $8.00 in a matter of months. I think I would be a buyer again under $15.00/share. Anyway, just my opinion, but I'm probably wrong.

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