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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?


To: Robert who wrote (12987)8/25/1999 1:52:00 PM
From: gbh  Respond to of 18016
 
Robert, although I'm not ecstatic about some of the balance sheet items for the quarter, the S&P "avoid" is ludicrous.

Worst case, the company is fairly valued at present with a forward PE of around 30, and good prospects to grow at least at this rate. How this can be an "avoid" is puzzling.

But, the balance sheet doesn't approach CSCO or LU or the old ASND in terms of "cleanliness", and therefore, a much higher PE at this time is hard to justify.

gary