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Politics : Ask Michael Burke
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To: upanddown who wrote (41487)12/31/1998 2:29:00 AM
From: eabDad  Read Replies (1) of 132070
 
John:

The time to have invested in y2k stocks was in 1997 and early 1998. By mid-1998, the valuations were being questioned on the basis of cash flow falloff after 1999. PEs of stocks like KEA went from 50-70 to 30-40, and some into the 20s - the core business valuation. KEA stock may be rocky in 1999 as analysts point out that their y2k biz will shrink after 1999, and that their core business will likely not make up the difference to keep growth levels up.

KEA is the premier blue chip of the enterprise software and services area. Picking it up at a PE of 30 is good value long term.

Z
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