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Technology Stocks : Nortel Networks (NT)

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To: gdichaz who wrote (1527)12/6/1998 11:23:00 AM
From: csm  Read Replies (1) of 14638
 
Based on forward PEs, LU and CSCO are at historically high levels. NT is only at approx 22x with 28-30x more representative of high valuations for it. Earnings estimates are increasing. Sounds to me like there is more opportunity, in terms of valuation, with NT than with LU or CSCO. This back of the envelope math would have us looking for prices closer to $60-65 for a peak for NT, but when?

Stuart.
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