Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.81

+2.1%

10:51 AM EST

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To: Darren who wrote (46362)	5/8/1998 5:24:00 PM
From: uu	Read Replies (1) of 61433

Darren: Thanks for the smile you brought to me! You state: > Stock Market 101* will tell you that a stock with a PE of -65.57 could be, might be, need I say, overvalued?* Well maybe this course (i.e. Stock Market 101) needs to be re-defined/changed or totally abandoned!! When you say P/E what exactly are you refering to? Is this forward P/E, past P/E, last years P//E or what?! If a company can grow by 100% a P/E of 65.57 (!!!) is very cheap! And if interest rates remain as low as they are right now I can tell you that a P/E of 100 is still a very reasonable number! Regards, Addi Jamshidi

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