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


To: Gary Korn who wrote (27881)12/14/1997 4:47:00 PM
From: Karl Radke  Read Replies (4) | Respond to of 61433
 
Hey, i've got a question for the longs. Why buy a stock when its 1997 projected EPS is to be 1.05 and fiscal 1998 is to be 1.15. Correct me if i'm wrong, but i don't see the value in buying a stock with such a high forward-based p/e when it's growth rate is supposed to be merel;y 10%. Also, looks to me like the market doesn't smell any kind of buyout at $40/share. Last time I checked, ASND was about 30% under that ...