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Technology Stocks : Apple Inc.

AAPL 273.67

+0.5%

Dec 19 9:30 AM EST

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To: rhet0ric who wrote (21535)	1/2/1999 7:02:00 AM
From: Irish Paddy	Read Replies (1) of 213177

Hi RhetOric, The inventor of the PEG system Jim Slater would say that a PEG below 1.0 is good value but only for a growth stock. The PEG does not work very well for non growth stocks ie recovery stock, utilities & cyclicals. Jim Slater would also reduce all EPS to a common denominator ie all EPS should be measured on the same year end, otherwise you are not comparing apples with apples.That would suggest that all EPS are recalculated to (say) Sept 30. I regret I have not done the sums on Apple etc. However on other comparisons I have done the sums & it does make a difference.The other variable is the Consesus Forward Estimates, I think most analysts are over optimistic on 99 & 2000 earnings as the US is slowing down and Europe is strugling. Your excellent comparison shows Apple with projected growth of 25% (I think) which means sustainable growth.I would have a problem with 25% probably 20% is more sustainable.

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