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

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To: TIM WORTHEN who wrote (1777)8/26/1997 8:35:00 PM
From: Nutty Buddy   of 3431
 
Did anyone say overvalued? Both David and I stated "fairly" valued if I recall correctly. This is our opinion. This is based on the analyst's estimate of growth and they are usually off longterm, of course. Hey, I can throw out 50 numbers and come up with an average. I don't view 30.4X as a magnet trying to pull all PEs in line. GEMS is in a lull and hopefully will pull back up.

The upward ebb and tide pattern has turn into a downward current. Why fight the current? I'll stand on the shore for now. :=)
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