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Strategies & Market Trends : Sharck Soup

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To: DlphcOracl who wrote (36161)9/27/2001 2:50:49 PM
From: KevinThompson   of 37746
 
Actually, the point I was making is that even "after this week's haircut", they are not where they need to be to be called undervalued. I believe their PE's going forward, using earnings estimates of the next two quarters, puts them very overvalued. In fact, before today, they are about 50% overvalued if you use PE of 20 going forward as a reasonable valuation. Therefore, I see another 30% or so stock price slide before any sustaining uptrend can start. (Unless there is a return to "the bubble method" of valuations.)

Best Regards,
KevinT
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