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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (11440)	12/14/1997 3:50:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 18056

Barry, I am not sure why you would want to catch falling knives.Even at these prices most of these are quite expensive, Barrick is selling at twice book and five times sales, and who knows where sales are going to go. AU, ECO and BGO are losing money, and BGO is selling at 16 time sales. They could turn around, but this is a great maybe. NEM is selling at about 3 times book and about 3 times sales and a PE close to 30, but its sales increase growth rate is not going to be anything to write ho,me about. Echo is paying dividend, but their book value can be eroded to ziltch if they have another distater like last year. Many on this thread are talking about inflated technology stocks, but If I had to chose between a WFR at book or a VECO at twice book and 10 PE, I have very little doubt that I would not touch eny of them. I think they still have room to be halved again. Zeev