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To: Im-patient who wrote (21071)2/11/1999 9:38:00 AM
From: Ian@SI  Respond to of 25960
 
It's a nice dream but it tends to ignore the cyclical nature of this business. P/Es are high at the bottom of the cycle and low at the top.

If we could hold a P/E of 300+ to the top of the next cycle, then everyone in the world could become a billionaire.

Not too likely in my lifetime however.

Ian.



To: Im-patient who wrote (21071)2/11/1999 9:43:00 AM
From: Robert Douglas  Read Replies (2) | Respond to of 25960
 
I would just as soon believe in the tooth fairy than believe that a 284 P/E is justified on year 2000 earnings.

-Robert