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Technology Stocks : Tektronix
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To: Jay King who wrote (146)8/14/1998 8:50:00 PM
From: ariel bentolila   of 193
 
Interesting. If I factor out single time charges, it seems like TEK has a P/E more like 13-14, than 18. The restructuring, and inventory write offs in the video business significantly reduced earnings. I wonder if the street did not like the restructuring, or if they expect there to more many more charges to come. Such a precipitous fall after good earnings is very strange. I noticed an insider that recently bought at around 33 on the open market. I think this is a big positive.

Ariel-
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