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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: XOsDaWAY2GO who wrote (20677)4/28/1998 4:17:00 PM
From: upanddown  Read Replies (1) of 95453
 
Ah feel your pain, Barbara.

Actually the earnings probably wouldn't give the sector much of a boost. They came in slightly better than estimates, probably in line with the average stock that came in about 2.5% above estimates.
The frustrating thing for me is that the sector has had vastly superior performance to the S&P 500 on earnings growth for the last 5 years, this year, next year and next 5 years yet trades at a 30-40% PE discount to the S&P 500. I always thought stock market valuation was based on past performance and future prospects. Guess not.

But hey, things are looking up. Very nice final hour for the OEX. Keep the faith.

John

p.s. Webster prefers piddling.
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