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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?

To: Tom_ who wrote (2665)10/14/1998 1:01:00 PM
From: Chuzzlewit  Read Replies (1) | Respond to of 4509
 
Tomabre, others have noted that fear seems to have gripped this sector, and I concur. How else do you explain that the S&P earnings are projected to grow at only around 6-7% per annum and carry a forward p/e of around 22 while psft is expected to grow at 8 to 9 times that rate and has only a slightly higher forward p/e? That argues to me that earnings growth beyond next year are being ignored.
I bought more PSFT yesterday.

TTFN,
CTC


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