Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Jabil Circuit (JBL) -- Ignore unavailable to you. Want to Upgrade?

To: Hector who wrote (2771)	2/26/1998 10:55:00 AM
From: Michael Anthony	Read Replies (1) \| Respond to of 6317

>>BTW, PE's that are considered reasonable in one cycle are often deemed to be outrageous in the ensuing cycle.<< Well, as the market is telling you, you are assuming the wrong cycle now if you feel caution is warranted on the long side. I still say that the PE being below it's growth rate is not the time to use the word "hefty" to describe it's PE. This is 1998, not 1974. FY98 is over in 6 months. If they make their numbers, the trailing PE in October will be 28.3 at a price of 60, forward PE will be 22 for 99. Growth rate is projected at 30% according to Sansone. Anything can happen to the overall market between now and then, but as long as the PE is below it's growth rate, the word "hefty" to describe it's current PE is overblown IMO at the present time. Trailing PE will be 25 if they make numbers in 3 weeks. Looking for 60 by then if the market holds steady.