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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (22866)	1/24/1999 10:01:00 PM
From: carolyn walder	Read Replies (2) \| Respond to of 50167

Greg - I agree that the market has been adjusting the PE to reflect a slowing growth rate. However, a trailing PE of 35 and forward PE of 27 gives a PEG ratio of about 1 (depending on which growth and E is used). I would assume that it will now come up on the radar screen of more value or GARP oriented money managers. I would be very surprised to see the stock go down from here on a fundamental basis. Of course, shorts don't care about this, and I am very suspicious of the action on Friday. From what I have read only about 400K shares were dumped in that 15 minute freefall and then came the other 8 million. I would love to know the short interest today as compared to Thursday's close. As much as I hate to admit agreeing with Mark Brophy...shorting by the convertible holders may be one explanation. As Mark posted on the WIND thread. "The Notes were initially purchased by Deutsche Morgan Grenfell, Inc., Hambrecht & Quist LLC and Wessels, Arnold & Henderson, L.L.C. at a discount of 3.125% of the principal amount of the Notes." It is not comforting to know that the market makers that sell me the stock also have a vested interest in "manipulating" the stock price. Thanks for your thoughtful response, Carolyn