Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : BBY -Best Buy -- Ignore unavailable to you. Want to Upgrade?

To: Jeter C. Hall who wrote (731)	3/4/1999 1:45:00 PM
From: Greg Thornton	Read Replies (2) \| Respond to of 980

Jeter, From the press release: ...sales for the fourth quarter were $3.456 billion, a 21% increase compared to the $2.852 billion achieved for the comparable period last year. Fiscal 1999 sales were $10.076 billion, also a 21% increase, compared to $8.358 billion last year... The question is, how do you justify a P/E of over 50 when: 1) Sales growth (and presumably revenue growth) is 21%. 2) Analysts expectations for long term annual growth is 25%. It is two weeks to the split, and over three weeks to earnings, which will probably meet expectations at best. Given all of this, do you think there is more potential for a significant move upward from here or downward? Greg