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Gold/Mining/Energy : Royal Group Technologies, Ltd. (RYG)
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To: AL PELLICCIO who wrote (143)4/21/1998 10:29:00 PM
From: Julio P. Antelo  Read Replies (1) of 199
 
I think you're right, the stock may have been overextended. When the stock was at 33 the trailing 12-month PE was something like 35. I could understand why someone would recommend that if you own the stock, continue to hold it; but if you're looking to buy you may want to wait until it dips again.

BTW, when do you suppose we'll see an earnings report for the 2nd qtr?

Julio
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