Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Investor-ex! who wrote (7451)	4/20/1998 9:31:00 PM
From: Roger A. Babb	Read Replies (4) of 18691

Investor-ex, I need a little help with modern math. Last year this time IBM was at $70. Today they announced lower earnings than last year but the stock is at $110 and expected to go higher because they beat estimates. First you got big PE's because of growth rate. But now you can even have negative growth just so long as you beat estimates. What am I missing here? Fortunately IBM is one of my long holdings..........

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