Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.5%

Nov 21 9:30 AM EST

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To: Tim Luke who wrote (24950)	11/29/1997 2:32:00 PM
From: Larry J.	Read Replies (2) of 61433

<<the only way this stock will ever see 50 is if they get bought out>> Ever! Come on. For someone who never holds a stock over night what makes you an authority on the mid - long term share price appreciation potential of ASND. As a day trader I'm sure you don't waste time analyzing anything but short-term trading patterns. At a 35% growth rate (per First Call), '98 earnings per share would be $1.43, '99 $1.93. To trade at $50, the PE would have to be 26. IMO, this is very "doable". A return to $50 during 1998 is extremely likely without a buyout. Larry

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