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Technology Stocks : ADTRAN !?!
ADTN 8.850+2.1%3:59 PM EST
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To: Hank who wrote (555)10/9/1997 8:44:00 PM
From: TelecosmFan   of 766
 
Even if all goes well (which I doubt) Adtran's earnings for the year will be .92. This is vs 1.01 for the comparable year. An implied growth rate of -10%.

Now how can this stock be worth 50 times earnings?

P & D
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