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Technology Stocks : Glenayre Technologies(GEMS)- a pure cellular PCS play?
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To: Jeffrey L. Henken who wrote (2438)1/10/1998 3:04:00 PM
From: Skeeter Bug  Read Replies (1) of 3431
 
jeff, eps will come out shortly and drive this stock. in the meantime it is a crapshoot.

the most frustrating thing to see is the dow at low growth rates and high multiples while gems has a similar growth rate (with the potential for much better) and trades at a low pe.

i'm afraid the dow still has another 500-1k points to fall before it becomes fairly valued and that the selling will crossover to companies like gems.

unfortunately, companies like gems don't go up when the dow does.

good luck.

skeeter.
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