BEA Systems (BEAS) - Undiscovered Growth Stock Message Board

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Technology Stocks : BEA Systems (BEAS) - Undiscovered Growth Stock

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To: treetopflier who wrote (555)	8/19/1998 10:48:00 PM
From: softcash	Read Replies (1) of 2477

High PEs?? If you have invested only on PEs you would have missed out on the greatest BULL market the world has ever seen! You should have tossed out PES several years ago. Major case in point: the internet stocks. These stocks aren't even making any money and they are trading very well - perhaps the best growth in price of any stock!?! Are PEs involved with INKT, Broadcast.com, Yahoo, Excite, etc?? NO THEY ARE NOT! Investments in this market are heavily based upon prospects for growth. Especially while consumer sediment is still very strong. People are still dumping lots of money into the market. I think it is America's favorite pastime, perhaps surpassing baseball? Most of these people don't even know what a balance sheet is. They do have an idea about the future. So essentially, these new investors are throwing out the PEs and turning the equities market into a futures market! They think that these companies will eventually make money. This is why some internet IPOs have double shortly after IPO introduction - what else would it be? So, that said, BEAS PEs don't bother me at all - they are not as high as most internet stocks and BEA continues to be one of the fastest growing companies in the US of A. I think Coleman visualizes a billion dollar company in a few years. If he continues at 60-100% annually - it will not take too long. I'm not going to say he can't do it. I think he could from what I hear about him. A few years back people said CISCO could sustain growth like they were - man did they prove'em all wrong. It is much more important for BEAS to keep the growth growing - that trying to satisfy Graham & Dodd disciples. So while they continue their explosive growth via acquisition and mergers, their quarterly numbers will look strange. The nearly 50% drop was based upon smaller than usual volumes coinciding with poor overall NASDAQ/DOW performance. As long as the DOW/NASDAQ increases, BEAS will not go down to $15. If this happens and the next merger/acq. that occurs (it will be soon!) then there is no reason that this poor beat up stock will shatter the $24 mark in no time at all. Too bad for most, they missed an opportunity to go from $16. It will be awhile before Microsoft comes out with NT 5.0 too. Furthermore, COM+ is going to be awhile too. This should give BEAS some breathing room. Their next move should include diversification. Diversifying would be wise.

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