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Non-Tech : PEP -- Time to buy?
PEP 143.60-1.7%Nov 3 9:30 AM EST
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To: Gary L Schultz who wrote (287)10/3/1997 11:05:00 AM
From: Larry Novenstern   of 392
 
I think PEP will move back to where it's trading now (PEP is @ 40 1/2, PEP_w is around $3 behind). I've got no idea bout YUM but I figure it has three solid companies in it so even if it drops short-term it will be there long-term. It started out around 28 1/2 and is over 31 now. That's not bad and I don't see a major walk-away just because of the official split date.

PEP should move steadily toward 50 before the end of 1997 with a lower P/E.

Any thoughts?
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