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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: Winston A. Chin who wrote (390)3/17/1998 9:58:00 AM
From: Paul Shread  Read Replies (2) | Respond to of 14638
 
Okay, I like NT, but someone's got to tell me why it's not extremely overpriced. They're up 50% since they just made earnings estimates, and they're trading at a PE of 39, with expected earnings growth rates of 24% and 21% the next two years (First Call). Even taking their 1998 PE of 31-32, they're still overvalued by 20%+. So give me an argument why I should buy them now instead of waiting for the inevitable sell-off. Thanks, and good luck to all.

Paul



To: Winston A. Chin who wrote (390)3/19/1998 5:18:00 AM
From: Winston A. Chin  Read Replies (2) | Respond to of 14638
 
IDEX Global Fund A ( a $10B fund ) was reported in IBD Tues Mar 17 1998 as having bought 30,750 shares of NT.
WAC.


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