Eaton (ETN) is definitely not overvalued! Message Board

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Technology Stocks : Eaton (ETN) is definitely not overvalued!

ETN 367.95

-3.1%

Nov 11 3:59 PM EST

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To: Walter Morton who wrote (24)	9/1/1998 10:18:00 AM
From: Walter Morton	Read Replies (1) of 338

A statement from the Investor Relations: "If we look at our current earnings compared to peer companies and then value the stock at its traditional multiple discount, it would result in a stock price of $85-90 per share. By any measure, at its current price Eaton is an excellent investment opportunity for value investors. In addition, when the downward trend does reverse itself and our stock begins to climb back to a realistic market value, we will probably get a tail wind from momentum investors who take advantage of trend directions." William Hartman Investor Relations

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