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Non-Tech : Tyco International Limited (TYC) -- Ignore unavailable to you. Want to Upgrade?

To: taxman who wrote (803)	12/4/1999 2:37:00 PM
From: Bosco	Respond to of 3770

Hi taxman & all - the plot thickens! I have tried Daily Stock, which has linked me to Marketguide... At $42.72/share, it states that price/cash flow is 50 [which is the highest of all thus far.] marketguide.com Regardless, using the best case scenario from Bill, which is about 20, it is the average S&P number. best, Bosco

To: taxman who wrote (803)	12/4/1999 4:19:00 PM
From: Richard James	Respond to of 3770

Market Guide's data, however it was figured, is for the trailing 12 months and I note it also shows a PE of 103.58. For the date of the opinion, I believe that Morningstar's figures are correct. Thomson as of 12/3/99 shows Price to Cash flow for Tyco of 33.2, for the industry of 19.2, and the S&P is 17.7. Without quibling, I feel the analyst is correct and that Tyco currently commands a premium well in excess of the S&P. The operative item is whether it deserves a 50% premium over the average S&P company. I feel it does. Also, I would note that the Morningstar analyst was commenting on the price where it was p/cf was 41. He might feel better about p/cf of 33.