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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (10390)	3/18/1998 8:25:00 PM
From: Brian Lempel	Respond to of 13456

Absolutely, AT! Low p/e for a reason--probably the biggest thing I learned from the damn company. I still like 1 low p/e stock--CREAF, but after much more scrutinizning. That's because I have much more confidence in management, and feel that they are doing their best to sell the stock to institutions. And now I find myself cheering APM down below $10!!! Break out the hapmsters!!!!!!!!!!!!!!!!!!!!!!!! Brian

To: AlienTech who wrote (10390)	3/19/1998 4:46:00 AM
From: Rudy	Respond to of 13456

>I learnt that the HIGH P/E is there for a reason...< William J. O'Neal says (may not be the exact quote) "A low P/E means the stock is depressed. Low P/E's go lower." It's all a game of expectations. Otherwise how would you explain the stock prices of FLC and YHOO??? Former is struggling between 26-30 with this year estimates over $2, while the latter is priced over 85 with expected earnings of around 40 cents. :-))) My explanation is that people think YHOO will keep blowing estimates while FLC will disappoint the street quarter after quarter because of depressed oil prices until their P/E's converge. Could there be another explanation? Take care.