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To: Sycamore who wrote (2720)10/15/1998 8:06:00 AM
From: Box-By-The-Riviera™  Respond to of 3029
 
p/e of 8...wow? this stock has often had such a p/e for those who remember a few years ago...... historically it's always had relatively low p/e if you compare it to its growth rate.....but growth rates are now fast losing their validity in this market in relationship to p/e....i.e. p/e's are falling regardless of real or in fact "perceived" growth rates..... the basis of valuation that has been used for the last number of years to "rationalize" the bull market is slowly changing and will return to more traditional, even conservative standards of another time.

Joel