Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 206.71

-0.9%

12:39 PM EST

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To: Dan who wrote (14997)	9/29/1997 8:33:00 PM
From: 16yearcycle	of 61433

I would like some help in formulating a realistic buying price on ascend. I did buy coms at 26, although I averaged 39. Sold today at 51 7/8. Ascend has trailing revenues of about $6 per share, and the Cascade purchase doesn't look like its adding much yet.Ascend has earned about a dollar in the past year, but earnings are declining. Why should it not fall to about 15, which is a pe of 15-20, and a multiple of 2.5x sales? If you think it can't possibly go that low, how low can it go----18, 20, 25? 25 is 4.25X sales, not exactly cheap. coms fell to 2x sales or less. Please hold the tomatoes, I'm looking for a somewhat realistic, giveaway entry price that might occur.

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