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Gold/Mining/Energy : JDS Fitel -- Ignore unavailable to you. Want to Upgrade?

To: Praxis who wrote (706)2/4/1999 6:46:00 AM
From: reg  Read Replies (2) | Respond to of 815
 
Where is the 70 PE coming from? JDS itself will easily do well over
a dollar in earnings this fiscal year. UNPH? With combined earnings
of say $2 per share the PE with JDS at $70 is much less than 70.



To: Praxis who wrote (706)2/4/1999 12:44:00 PM
From: Hank Stamper  Respond to of 815
 
"the 'blue sky' multiples don't have any room for errors which history proves are always around the corner in any company."

To quote Andy Grove of Intel: "Only the paranoid survive." To me this translates into: Wait for more opportune multiples to add to long positions.

Ciao,
David Todtman


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