earnings and current P/E are accurate. This is not to
mention projected future growth. This is of course why
the SEC thing is so important. If Elan actually has
earned less than reported then the P/E really isn't that
low. I like to use PEG as well hence the alias, but if
you look at what happened to MCK (the #1 drug
distibutor) when they re-stated for the first time they got
just hammered as of course their P/E suddenly went up
and the growth dropped.
Lest the shorts be too
comforted by the downside risk all of us longs would face
with a negative restatement..remember Kimberly-Clark a
couple of weeks ago...They actually got an upside
restatement out of an error they had made. If anything like
that came out you couldn't cover fast enough to save
The bottom line is though that I
do agree 100% with Chris on the valuation end of
things. Barring restatement this thing is going up buyout
or no buyout. Elan is cheap here!
in todays Sundays Business Post.
not significant, maybe its just the summer and
there's nothing else to fill the papers with here but
it's in black and white all the same.
considering buying 1000 on Monday but I'm a bit concerned
about this. Anyone any suggestions?
If you are sick of the ups and downs in the stock
market you should try
investing in private companies.
Emsanet is a new Internet Service Provider.
should be a profitable investment because; Emsanet only
a month for unlimited service, has zero
debt, plans to be profitable before
they go public.
Emsanet is offering 1,000,000 shares of private stock
three dollars and fifty cents a share. This is the
private offering price.
The company plans to go public
in early 2000 at $20 a share, and yes you
sell the first day it trades on the market. As with
any investment this
company does contain some risk
(the company can go out of business and you
lose all of your money). This is a commission free
transaction, with a
minimum investment of $3,500. For more
information and an investor package,
contact us at (888)
999-8068 or email email@example.com. For
e-mails please provide your mailing address and DAYTIME
Serious inquiries only.
(I needed to have the page open, which I
By the way the Irish Times which has a business
supliment on Fridays has the same story
Should I buy now or wait?