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Technology Stocks : Qwest Communications (Q) (formerly QWST) -- Ignore unavailable to you. Want to Upgrade?

To: Scotsman who wrote (3079)	3/11/1999 12:27:00 AM
From: mariner	Respond to of 6846

Thread Nice to see the uptrend. I noted tonight's discussion with interest. Lots of comments about Qwest becoming very expensive. I checked the "profile" feature and it shows QWST trading at a PE around 870 (yes 870) and a Price to Sales of around 15. I went over to WCOM and checked the P/S ratio there. It's about 10. So what? Well, by any measure of PE, QWST was overpriced a long time ago. However, by a measure of P/S, I don't think the current valuation seems so out of line. 50% premium to an excellent, but older tech telecom WCOM. Given the exponential demand for bandwidth we all seem to agree is required going forward, I would argue that the current price is not excessive.