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Strategies & Market Trends : Waiting for the big Kahuna
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To: Joan Osland Graffius who wrote (13098)1/12/1998 3:28:00 PM
From: MythMan  Read Replies (1) of 94695
 
Joan, GE at $40 would give it a trailing pe of about 17 which is not

too out of line with historical norms. The multiple expansion has occurred in the last two years, like the rest of the market. I'm sure the fund managers wouldn't mind seeing GE get clipped as 1) its underowned by them and 2) they might be able to beat the S&P 500 index then <g>

Pete
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