Cascade Communications (CSCC) Message Board

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Technology Stocks : Cascade Communications (CSCC)

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To: HeyRainier who wrote (1853)	1/25/1997 5:39:00 PM
From: Timothy Tashjian	of 3743

Rainier, I dont own CSCC nor would I at present levels. My stockbroker talked me out of shorting it though. I do own to tele stocks though,one a competitor(BAY) and one a fast growing company doubling revenues every year for the last 5 years called HLIT. Well HLIT just reported earnings of 0.21/share and sells for 24(which is slightly high). What the heck fundamentals are you people looking at to say this is near a low? Trailing p.e. was 102,future around 45-50. Price to book is an astronimical 31(wow). I used to think p/book over 2 was high. Cahs per share is 1.12. How can anyone in their right mind or wrong mind think that this is near a bottom? If it was anywhere near fairly valued it would be selling in the 20's. I wouldn't go long this stock until the teens. I am a value player on the long side,this is still wildly overvalued. Also when a stock breaks down like this that is overvalued it wont come back substantially unitl it is fairly valued. I hope you people can wait well into the next century to recoup your losses from this week(well maybe a little bit of an exagerration). But I would not be hoping for a substantial rise anytime soon. Tim

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