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Technology Stocks : THREE FIVE SYSTEM (TFS) - up from here? -- Ignore unavailable to you. Want to Upgrade?


To: Brian P. who wrote (851)1/23/1998 9:37:00 AM
From: Noblesse Oblige  Respond to of 3247
 
Hi Brian,

Trailing P/E doesn't always give you a proper valuation when business conditions are improving as rapidly as they are at TFS. You should note, for example, that there are ten and thirteen cent quarters in that "trailing" figure. TFS's "normalized" earnings numbers are now expected to be far higher (following the transition of quarter one).

Under such circumstances, the trailing number is often misleading. Have a good day.