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Biotech / Medical : Trinity Biotech (TRIBY)
TRIB 0.905+0.6%3:57 PM EST

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To: munsters who wrote (11032)11/28/1998 11:50:00 PM
From: Scott H. Davis  Read Replies (1) of 14328
 
<< I'm hoping for DOW 11,000 by end of 99>>> How can this be. Robust corporate profits were a key element of the long bull market, most economists are projecting very modest growth going forward, analysts have lowered estimates for many companies. Export levels are down with a chain reaction in the supplier chain. Capital spending budgets have been pared way back. What is going to feul a drive to 11,000 next year? Low inflation can turn into de-flation, putting more pressure on corporate profits/margins.

Has this been taken into your analysis, or where do you put broad market earnings growth?. This is not total beardom, as a company that is growing rapidly with good FA behind it can stand out well in a sideways market. Curious, Scott
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