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To: SargeK who wrote (38087)	2/23/1999 9:32:00 PM
From: SargeK	Respond to of 95453

OS Projected 5Yr Earnings Growth (PEG) vs S&P500 PEG biz.yahoo.com S&P500 FIVE YEAR PEG: 7.2% HAL - 14%..SLB - 15.4%..FGI - 20%..DO - 18.9%.. GIFI - 16.8%.. RIG - 20.7%.. NE - 27.9%. etc. etc Average PEG for these seven picks is 19.1 which is over two times projected growth for the S&P500. When internet mania finally subsides, earnings will drive the market. Count on it..... While timing these events is questionable at best; fundamental value and real growth will ultimately prevail. I don't say this. History proves it. Anybody keeping score on this debate? I think Bearish sentiment is leading 20 to 2. That's a good thing. Anything other than that and I would be in the wrong camp. K

To: SargeK who wrote (38087)	2/23/1999 10:02:00 PM
From: SargeK	Respond to of 95453

Again, Look @ the numbers! PEG and P/E HAL - 14%..SLB - 15.4%..FGI - 20%..DO - 18.9%.. GIFI - 16.8%..RIG - 20.7%.. NE - 27.9%. etc. etc Average PEG for these seven picks is 19.1% which is over two times projected growth for the S&P500 of 7.2%.. Conversely or perversely, the Average P/E (FY99 estimates) multiple for these seven issues is a conservative 10.7 less than half the lofty S&P500 multiple of 28.3.. Anyone who thinks these obvious distortions will not eventually come into equilibrium has blinders on. Now look @ the 800 day OSX/S&P500 chart. osxstocks.com What does this tell you? How long or how much more will this divergence continue?? These are the real questions. Not whether or not the OSX will drop a couple of points nor if the S&P will add another fifty. Look at the BIG PICTURE! And the game goes on…… K