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Biotech / Medical : PE Biosystems (PEB)
PEB 12.32+3.3%Jan 9 9:30 AM EST

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To: Leman who wrote (49)5/21/1998 10:49:00 AM
From: PuddleGlum  Read Replies (1) of 122
 
Leman-
Given that GLGC is a relatively new issue I'm not surprised that it's being touted by securities firms. In fact, just the wording of the press release raises a red flag in my mind.

Richard-
PKN's p/e looks high, but it's really only about 25 based on operating earnings. The p/e of 100 based on Yahoo is misleading. Now one might argue that 25 is high, but how many biotech companies do you know of that are making money?

pg
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