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Non-Tech : Staples (SPLS)
SPLS 10.250.0%Sep 28 5:00 PM EST

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To: Patsy Collins who wrote (15)3/5/1997 12:02:00 PM
From: Eric Shih   of 184
 
Isn't anyone worried about the high P/E on this company? At the current market price of 23 1/4, that puts SPLS P/E at an amazing 36. Even though projected growth is 38% for the year, I see SPLS as a risky play. The merger seems to have run into problems, and even if the merger is approved by the FTC...there will probably be the condition of store closings thrown into the mix. I don't see this stock hitting 32 at the end of the year. If SPLS misses estimates one quarter, the stock will get hit.
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