The New QUALCOMM - Coming Into Buy Range Message Board

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Technology Stocks : The New QUALCOMM - Coming Into Buy Range

QCOM 180.90

+2.1%

Oct 31 9:30 AM EDT

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To: Lance Bredvold who wrote (9067)	7/27/2023 8:48:41 PM
From: petal	1 Recommendation Recommended By Lance Bredvold Read Replies (1) of 9129

But investors on the SI board will continue to insist that ... we attain a PE which is higher than the one when they bought shares. I would argue that that is the way of the Speculator, and not that of an Investor. The Investor would cherish the possibility to buy 'on the cheap' that a low valuation provides. She would never prioritize taking steps to "get the valuation up" before actual business considerations. Attaining a higher PE would be at the very bottom on her list. While a high valuation may not be unwelcome – especially not for those investors which are now in their "yield years" – it is something that a company should take action to attain. Companies should let the valuation come to them, not the other way around; they should certainly not chase it. When a company chases a high valuation is a bright red flag for me. That shows that they've got their priorities all wrong. "Don't look at the board – the score takes care of itself."

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