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To: Fitzie who wrote (1925)	12/8/1998 6:59:00 PM
From: Wolf 2	Respond to of 2346

Hi, Fitzie: But then, maybe I don't understand PE ratios well enough. Given your educational background...surely you jest!? ;-) I thing I have learned (the hard way, as you undoubtedly have) is that the celebrated PE ratio is anything but infallible and, in fact, a low PE can indicate a troubled stock while a high PE can simply indicate that the stock is seen by investors as having above-average forward growth potential. Obviously, therefore, one has to employ more than this single measurement to differentiate between the two possibilities. Nothing comes easily...sigh. Regards, Wolf