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To: Michael Anthony who wrote (2769)2/25/1998 11:46:00 PM
From: Hector  Read Replies (1) | Respond to of 6317
 
Michael,
See my response to Rosemary.

BTW, PE's that are considered reasonable in one cycle are often deemed to be outrageous in the ensuing cycle.

After the 73-74 market investors would not touch quality companies with PE's below 10. I believe the same held true in 1981-82.

Regards,
Dave