Bilow-
I have been an investor in PSFT now for 3+ years, and a regular on this thread for 2+ years. I can't tell you how many guys have come to the table in this forum saying put this, short that, PE this, and ended up loosing their shirts. Bottom line is this: PSFT is a very well run company that is operating in a market that is still largely untapped (middle market, Europe, Asia-Pac, SIS, Y2K, etc.), and will continue to experience excellent growth for the foreseable future. Hence, the stock trades at a premium, like others in its sector (BAANF, SAPHY, ORCL, etc. all trade @ PE's well above the NASDAQ average).
Regards,
Blue |
