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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: James Clarke who wrote (4034)5/12/1998 8:56:00 AM
From: jeffbas  Read Replies (1) | Respond to of 78516
 
On PSO, the (mediocre) forward looking statements were contained in the latest quarterly announcement - both by cause and sales outlook.
As I said, it is possible there might not be a good earnings comparison for the next four quarters. The next quarter was a loss last year, if my memory of the 10K is correct.

This valuation level has persisted for years it appears. In the absence of a good earnings outlook, I do not think that it is a good idea to pay more than historical discounts.