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Post# of 704047
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Zeev Hed

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Zeev Hed

Re: gloe post# 438863

Monday, 11/21/2005 9:08:31 AM

Monday, November 21, 2005 9:08:31 AM

Post# of 704047
I am not sure about that average $12 PE.ith long term rates still in the $4% to 4.5%, a PE around 20 does not look excessive, it is not cheap, but surely not excessive and could stay above 20 for quite some time. Just got back in SNDK here in premarket at $54.09.

AZH

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