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

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To: David M. Selman who wrote (1776)8/26/1997 8:11:00 PM
From: Skeeter Bug   of 3431
 
>>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.<<

david, your analysis is correct in a rational market. we are not in a rational market. gems meets estimates if they don't warn. if they meet estimates again then we'll be right back up over the $20s...
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