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Technology Stocks : Ascend Communications (ASND)
ASND 212.55+1.2%Nov 28 12:59 PM EST
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To: Alfred W. Post who wrote (1678)1/20/1997 1:41:00 PM
From: edwin mok   of 61433
 
Alfred,

<< As long as the groth was well aboove the forwrd looking PE, there was nothing to worry about a high PE. I can live with this theory - and you? >>

Alfred, I think the theory should be:

As long as the "furture projected" growth was well above the forward looking PE, there was nothing to worry about a high PE.

Of course, furture projected growth and and forward PE (i.e. furture projected earnings) depends on how accurate projections are. What do you think?

-Edwin
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