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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: Gersh Avery who wrote (58420)4/15/1999 7:14:00 PM
From: Imuah  Read Replies (2) | Respond to of 58727
 
Got it, megaphone. Thanks, very apt.

What was the upgrade based on?

All I know is that LLTC came out with earnings 2 days ago of .31, which matched estimates. They were upbeat about the future. Must be the view that a worldwide recovery is underway.

Going back 10 years, they have never had a P/E over 43 and change. Now, with a price of 63 1/2, they are at a P/E of 53. Last Oct, the price went to 20.