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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (54842)	4/6/1999 4:46:00 PM
From: sjemmeri	Read Replies (1) \| Respond to of 132070

I guess I was thinking more along the lines of a GE (which I think has tracked the performance of the S&P better than most). Back in 94-95, the market decided that reliable low teens growth was worth a high teens PE. Today, the same growth (both recent and projected) is deemed to be worthy of a PE of 40. I would say KO is not the best example of PE expansion for the last 2 years. The P, E and PE of KO are essentially back where they were beginning of 97. So the market hasn't totally ignored the lack of continued growth at KO - though certainly a lot more downside could be justified.