Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.33

+1.1%

Nov 28 9:30 AM EST

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To: DennisToo who wrote (20309)	10/31/1997 9:23:00 PM
From: sea_biscuit	Read Replies (3) of 61433

Trying to establish a "bottom" for this one... I have used three numbers. Price-to-Sales Ratio, Price-to-Earnings ratio and Price-to-Cashflow ratio. Based on a price of 28 1/2, the three ratios were 5.58, 23.9 and 23 respectively. The all-time lows for these ratios for ASND are 3.4, 22 and 14.2 respectively. So, on this basis, the bottom for this stock should be at 17.4, 26.2 and 17.6 respectively. You take your pick. I would take the lowest. That is, ASND will be attractive to me only if it trades at (or below) 17.4 (I know my "guru" will disagree with this, having bought it at 54, but then our styles parted company some years ago...) Dipy.

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