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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?


To: Pallisard who wrote (6632)1/2/1999 9:18:00 PM
From: Larry Brubaker  Respond to of 27311
 
Pallisard, this "naysayer" would like nothing more than to see VLNC to go into production. While I think the near term earnings estimates on this thread are very optimistic, I don't think a PE ratio of 50 is unreasonable during the early period of production and sales when profitability is not likely to be that high.

The high PE ratio would reflect expectations of higher profitability as production volumes, yields, and margins improve.