PSFT - 1997 Outlook [closed thread] Message Board

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Technology Stocks : PSFT - 1997 Outlook [closed thread]

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Oct 29 5:00 PM EST

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To: Go Blue who wrote (675)	12/30/1997 4:51:00 PM
From: Pete	Read Replies (1) of 940

The stock has topped 52-week high again today. Any outlook from now on? I am pretty bearish on it based on the earnings momentum. EPS 97 = 0.41 EPS 98 = 0.59 Growth = 43% Based on today's price of $38.25 P/E 97 = 93 P/E 98 = 64 The stock is expensive by the most optimistic measure. The current market condition will not tolerate this price level for long.

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