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Zeev Hed

11/21/05 9:08 AM

#438889 RE: gloe #438863

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.