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Biotech / Medical : SAFESKIN -- Ignore unavailable to you. Want to Upgrade?


To: Apple12 who wrote (419)10/29/1998 8:54:00 PM
From: Madpinto  Read Replies (1) | Respond to of 828
 
Thanks. It's better to be lucky than good. I actually thought momentum would knock the stock down the whole day, but I could not pass up such a great price. I would have bought more lower if it had traded down. Markets can be inefficient for a little while but not forever. Even with the new earnings est. ($1.22 next year) the stock has a p/e of only 18. Pretty cheap for a stock with earnings growth of 30%. Salomon has a 12 mo. price target of $27 (after the downgrade.) I'll take 50% on my investments anytime!