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Technology Stocks : Thermo Electron (TMO)
TMO 566.61-0.2%3:13 PM EST

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To: John Hayman who wrote (235)12/31/1997 8:50:00 AM
From: John Hayman  Read Replies (1) of 450
 
All,

TMO along with THI hit new 52 wk. high. TMO now has a pe of 29.5, which is a tad high for this company. We do have earnings ending this month, with Zacks est. of 1.54. Even with that the price would only be 45.4 (with a pe of 29.5). If we look out to 98', with est. of 1.85 X a pe of 29.9= a price of 54.5. That is an increase of 24%. Of course this is if they meet Zack's est. and they continue to have a pe of 29.5.
I have not heard from the company lately, so am unaware of any new plans for growth. Does anyone have any info to share?
Later, John
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