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Technology Stocks : VIAB (Viacom Class B shares) formerly CBS -- Ignore unavailable to you. Want to Upgrade?


To: Brewmeister who wrote (2385)8/25/1998 7:32:00 PM
From: Patrice Gigahurtz  Respond to of 4613
 
Dan: Fine....I am not really that concerned about whether it truns out to be .04c or .03 or whatever. What has me worried as a share holder is the 'streets' perception of this stock; and now it looks like the excitement has faded; by 20% from recent $34 3/4 if my math is right and that's a big drop...BIG. What's also depressing to me is how quick they left this stock; heck I remember it being $34 3/4 in just late July; now look at it !!!!

I haven't been this concerned, regarding my CBS shares, since the summer of '96 when I got in once at $17 5/8th and quickly saw 'her' fall to mid $15ish area. Several weeks later (in '96) 'she' recovered to the low $18ish area and I sold as quickly as I could. I am tempted to do the same thing if I ever see my recent entry point again.

Thanks



To: Brewmeister who wrote (2385)8/25/1998 8:06:00 PM
From: ED_L  Read Replies (2) | Respond to of 4613
 
The bigs boys don't pay any attention to Zacks. Zacks also does not keep current with the trend of the markets. Zacks has 4 analyst who rate National Oil Well (NOI) as a strong buy to a moderate buy and have maintained that rating while the stock has fallen from 40 to 9 in 4 months (and fell another 1.5 today). With NOI earnings FY98 of $1.77 and FY 99 of $2.06 (PE 6) why should I buy more CBS with earnings of penneys and a skyhigh PE?