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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (8789)9/15/1998 8:34:00 PM
From: James Wright  Read Replies (1) | Respond to of 29382
 
Ken --

"Have you an opinion on ESA? There seems to be no support below 7 and a very high PE for the group."

Thanks for the suggestion. I took a look at ESA, and it certainly is on a steady downtrend. You are right that there seems to be no support below 7. My only concern is that ESA has a projected earnings growth rate of 80% ($0.45 for FY 99). Thus, its current PE of 31 doesn't seem unreasonable.

Is there some reason for the decline beside the market in general?

-- Jim



To: Ken W who wrote (8789)9/15/1998 11:05:00 PM
From: Paul A  Read Replies (1) | Respond to of 29382
 
be very careful trading AMFM... Nothing but big money and when it moves its moving because they want it to.

just my opinion, blah blah blah but there it is anyhow

oh yeah- also keep in mind that this sector is very liberal in valuations as well for alot of reasons etc etc


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