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Gold/Mining/Energy : CGI Group (GIB.A) -

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To: Sili Investor who wrote (799)	10/14/1998 11:07:00 AM
From: Jean-Robert Grenier	Read Replies (1) of 1673

Sili : "I don't understand why CGI would need a lower P/E now that they are on the NYSE" If you want to play with the big guys you need quickly to learn their rules. If interest rates are at 5%, it means that a investor pays a P/E = 20. In the actual Market the same logic has to apply regarding stock market. So lower the interest rate will be in the future more the market will accept higher P/E ratio. So since the hole market is now in a correction, the P/E has to go down and that is what the CGI P/E is doing. To bad but it is the reality. Au revoir Jean-Robert

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