Cascade Communications (CSCC) Message Board

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Technology Stocks : Cascade Communications (CSCC)

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To: golfer18 who wrote (2891)	3/15/1997 11:07:00 AM
From: Risberg	of 3743

You are obviously bitter that you bought at 41, but attacking me for no reason will not make your investment grow. Talk all you want about growth, but earnings are expected to be less this quarter than last. And earnings revisions continue to be made for this sector. Until earnings are clarified for this sector, the market is imposing a much lower p/e, and for good reason. Your examples did not fall off a cliff like CSCC. A long steady decline, sure. But falling to 30% of its value in two months? Lots of stocks decline and rise again. But few who fall off a cliff to this extent make quick recoveries. <<< Ever heard of IBM?? How about UUNT or better yet News Corp. How about Western Digital?? Should I go on or are you just too chicken to buy Cascade when everyone else is throwing it away. The industry is growing at 30% minimum.. the stock is 17.5 times next year Zacks consensus earnings.. Last time I checked, a growth stock selling at half its growth rate is a pretty good deal. Grow some balls and buy!!!

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