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


To: Elwood P. Dowd who wrote (87845)12/13/2000 11:54:25 AM
From: MeDroogies  Read Replies (1) | Respond to of 97611
 
EVEN in a down market, a PE of 20 is reasonable.
Considering that the "standard" PE over the long term is roughly 18, and CPQ is growing, 20 should be a decent PE.

In bear markets, TRUE bear markets, PE's are known to get as low as 8. But I don't think this is a true bear market...the economy is still in good shape.