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Technology Stocks : FORE Inc.

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To: jach who wrote (6976)12/24/1997 12:35:00 PM
From: TechAlive  Read Replies (1) of 12559
 
Essentially, I agree with your opinion ...

... FORE at this price and with almost 5$ book value,
4000 customers, 400+ m$ revenue and mkt cap of 1.5B,
and in the ATM arena is a tremendous bargain, IMO


True if earnings are increasing. If not, well, the PE of approx
50 it has now is way too high. I'd feel better if the PE was around
25, or a stock price of about $7. That would be an OK value.
At $14 its very speculative. Which is fine if they produce the
earnings the street wants. The question is, "Is this company
going to do so ?????". That in a nutshell is the issue.

The bears have had it their way the last two weeks of trading.
And they main body of sentiment is that they will not meet their
numbers in the near term. Not more complicated than that.

Tony.
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