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Technology Stocks : PairGain Technologies

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To: Charles Tutt who wrote (23918)6/2/1998 1:20:00 PM
From: David Howe  Read Replies (1) of 36349
 
2 times book value is crazy. Most companies sell for many many times the company book value.

.70 in earnings X a PE of 30 gives us a share price of 21. That is a
more reasonable value for PAIR.

The stock has traded over 1 million shares in the 13 1/4 to 13 3/8 range over the past hour. IMO it's smart money buying the panic sellers shares.

I'm buying.

Dave
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