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Technology Stocks : Thermo Electron (TMO)
TMO 572.41+1.1%Nov 7 3:59 PM EST

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To: Immi who wrote (102)3/1/1997 4:11:00 PM
From: John Hayman   of 450
 
Immi,

Miles is busy at the moment and may not get back to you.
I don't think TMO ever had a fundamental problem. When it takes a dip it's usually some fool doing something stupid! Never sell TMO; get that tattooed on you forehead right after you buy it!!
I would assume that TMO, with a PE of 26 or 27 is fairly valued. But....it usually always has a fair valuation. It is hard to get it on the cheap. I have been thinking of getting some more at this price. My only fear is the market!!
For that dip in Jan. ,if I remember, was a hit on growth stocks in general. Overall, TMO looks great for years to come.
Does anyone else have anything to add? I am sure Miles could give you the stats you need, maybe he will stop in. Later, John
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