Still Learning-I would hold with out selling it. I was figuring 1999 $2.55 net/share times 45PE=$114 target for 1999. If I can get a split(2 for 1),shortly,then I want to see where these new,soon to be announced, products take Tellab's, maybe into a new level of growth. I figure Tellab's is good for another 5 years or more, of nice steady growth of 35-48% per year of share price appreciation. It has a lower beta than my other comer, CMGI and was my first love in this stock game. It put my three kids through college, so I owe it some loyalty.
While I got your ear,it is amazing to me how much of my retirement (I'm 59 1/2 now) gains came in the last 3 years of investing, compared to the steady prodding of the previous 35 years. My lesson to pass on, would be for all you folks that are in your 20's and 30's, take an more active role in your investments, whether in a Koegh,IRA, or in private funds. Don't be satisfied with just company stock, or some mundane mutual fund. Don't feel that big brother will look out for best interests. I worked 8 years for Ia. St Univ. and got $8000 in retirement funds. In the last two days, my stock invested retirement funds went up $97,416. Perhaps you can increase the learning curve and the returns and retire earlier or better. Plus be in control of your destiny, and live better during your earning years.
Good Hunting
DAVE DICKERSON |
