ARTERIAL VASCULAR ENGINEERING Message Board

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Biotech / Medical : ARTERIAL VASCULAR ENGINEERING

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To: Jeff Gurian who wrote (307)	11/21/1997 11:16:00 AM
From: Zeus549	Read Replies (3) of 339

Hi Jeff, As you may recall, I mentioned that the TA on AVE was looking a bit on the weak side. Basically it got ahead of itself(we both discussed that fact a while back) I think it may now go backwards and retest that low in the low 40's. If it breaks through there, it's headed back to the 30's IMO. But we also know that at anytime they can come up with their FDA announcment which could give it a good bounce that may hold for a little while. But then barring any other positive developments, I think it will have to start reflecting it's forward PE in a realistic way.So how about an opinion on a realistic PE?BTW, here are a couple of interesting stocks for you to check out if you so desire: RECY and SRCL -- both companies in the process of doing pretty rapid "roll-ups" in their respective fields. Have a great week-end.

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