Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.58

+5.0%

3:59 PM EST

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To: Sowbug who wrote (34268)	2/10/1998 5:13:00 PM
From: Greg h2o	Read Replies (2) of 61433

RE:<That's right. Goizueta completely turned the company around.> Get real. The stock's market cap was cut in 2/3 during '73 and '74. It went from an absurdly high valuation to a reasonably low one. They sell the same sugar water as they did in 1974. Oh, but I forgot...he did introduce the NEW COKE. Coke has a book value of what? Without looking, I believe it's around $2.5. Hmmmm....It closed over $68? That's a ton of good will, isn't it? I don't think I'd pay 41xearnings for a company who's growth is POSSIBLY 16-18% this year! Yeah, Goizeuta did a hell of a job hyping the stock because he had all of those options. Yep, close your eyes and buy KO...it can't go down, can it? greg

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