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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Karin who wrote (8245)	10/6/1998 9:11:00 PM
From: sea_biscuit	Respond to of 42834

Yes, it is over 70. But that's because of some one-time charges related to restructuring etc. A high P/E by itself doesn't point to an overvalued stock. It's only when P/E, P/B (price-to-book) and P/S (price-to-sales) ratios are all high that one needs to be concerned. The P/B and P/S ratios of Sonoco are low enough to be attractive right now. Also take a look at Sonoco's forward P/E based on estimated 1998 earnings -- it is about 12.2. A very attractive opportunity to grab shares in a company that has an uninterrupted record of increasing its dividends year after year for many, many years. Dipy.