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


To: JDN who wrote (884)12/9/1999 11:35:00 AM
From: Bosco  Read Replies (2) | Respond to of 3770
 
Hi John - well, we can agree to disagree. Considering the situation, the most important number I look at is cash flow. Well, at $41/share, TYC p/cf is 23 to 41, depending who is dispensing the info [S&P ave is about ~18 [I rounded it out to 20 previously.]]

Since it is no longer a momentum stock, one should look at the p/cf at 18 at best. Assuming TYC actual number is (23+41)/2=32. 18*41/32=23+. Maybe the Street does know how to place the support after all [note: I didn't realise this until I start doing the calculation in this post!]

best, Bosco