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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Graeme Smith who wrote (1799)	7/9/1999 3:31:00 PM
From: American Spirit	Respond to of 10293

IMRS - current PE on YAHOO is 31.88. IMRS and other Indian bodyshops get higher PE's because their labor is cheap and the proft margins wider. This entire group is predicted to base this quarter then start surging. By year's end when Y2K becomes a non-issue their true valuations (much higher) should be reflected. I've only bought modestly (and a little soo soon with CHRZ) but I anticipate 50-100% gains from buying on dips at these levels and holding 6 months or so. Picking the bottoms is anyone's guess but when the PE's get very low for high-growh stocks (in transtion now) like these you can feel pretty safe. Problem is it takes patience. CHRZ for example would have mt estimates if it hadn't been for 6 cents a share in R+D costs to build its new post-2000 e-commerce and networking services. The stock got hit to $10 and is now back to $13 two days later reflecting savvy buyers out there. WIND is another great transition growth stock which should gain 50-100% in the not-so-distant future.