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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?


To: sea_biscuit who wrote (20727)11/3/1997 3:45:00 PM
From: uu  Read Replies (2) | Respond to of 61433
 
Dipy,

Thanks for the article. Yes I am aware of Jim O'Shaughnessy's theory of paying more attention to P/S rather then the P/E and I have come to strongly believe in this.

Regretfully that does not solve my past mistake of investing in ASND! I am a long term investor but with all the recent credebility issues with management, insider sellings, hype and their smooth/sleezy way of telling investors that their growth is slowing down, has brought me to a point to push the button in about 10 minutes from now (right at the close) and dump my ASND shares and take the loss as a tax write off for this year. A very expensive lesson to learn to pay attention more to P/S and the management!

Regards,

Addi Jamshidi



To: sea_biscuit who wrote (20727)11/3/1997 3:49:00 PM
From: S. M. SAIFEE  Read Replies (2) | Respond to of 61433
 
ASND price to sell ratio today is 5.4, CSCO has 8.9 some body can post for COMS, CS etc..



To: sea_biscuit who wrote (20727)11/3/1997 4:04:00 PM
From: Scott  Respond to of 61433
 
Price/Sales for ASND currently is 6.12 according to his system O'Shaunessy you would look at companies with less then 2