> Date: Sun, 19 Apr 1998 21:52:17 +0100
> Importance: Normal
> Subject: Torex
> From: "Dr Mark Trowell" <[log in to unmask]>
> To: "[log in to unmask] Ac. Uk" <[log in to unmask]>
> Reply-to: [log in to unmask]
> Interesting all this discussion. This w/e Investors Chronicle: P82. Tips
> of the Week. Buy. "Torex hits it off". Share price 99p. "The medical
> division, acquired this year, is not yet profitable, but will benefit from a
> new Windows-based product. Chief executive Chris Moore is clear that this
> division needs critical mass, but he expects a positive contribution this
> year." "The Price/Earnings ratio is 14, falling to 12 in 1999. For a
> company with strong growth potential, the valuation is not excessive"
>
> NB Microsoft P/E is (I think) 34, for comparison, with the average market
> P/E 23
>
Not sure what all this price/earnings stuff means, but as an MCS2000
user I can't see how this latest 're-incarnation' of the company can
succeed where the previous three have failed.
Dr David J Plews
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