SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Three Amigos Stock Thread
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ken W who wrote (8789)9/15/1998 8:34:00 PM
From: James Wright  Read Replies (1) of 29382
 
Ken --

"Have you an opinion on ESA? There seems to be no support below 7 and a very high PE for the group."

Thanks for the suggestion. I took a look at ESA, and it certainly is on a steady downtrend. You are right that there seems to be no support below 7. My only concern is that ESA has a projected earnings growth rate of 80% ($0.45 for FY 99). Thus, its current PE of 31 doesn't seem unreasonable.

Is there some reason for the decline beside the market in general?

-- Jim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News