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Strategies & Market Trends : Shorting stocks: High fliers
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To: Tom Hua who wrote (438)3/11/1998 4:40:00 AM
From: Q.  Read Replies (3) of 709
 
All: With the market soaring, there are a lot of high fliers that look interesting now.

Among big caps, I think TSS and G are interesting. The companies themselves are pretty easy to understand. Both are fine companies, but the stocks seem to be very high based on p/e.

TSS is a credit card processing firm. It is really flying high now. After yesterday's shot upward to 29, the p/e is 81 on trailing twelve months earnings, and 67 on estimated on estimated 12/98 earnings. All this for a company that will have maybe 20% growth rates ahead of it. Competitor and industry leader FDC is trading at a pe of only 30 on TTM. Its growth rates are somewhat slower, but not nearly enough to account for the difference. Parent company SNV is trading at a pe of 40.

Gillette (G) is trading at a p/e of 60 on TTM, and 38 on estimated 12/98 earnings. Growth rates predicted by analysts are about 17%.
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