Etec Systems moving up Message Board

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Technology Stocks : Etec Systems moving up

ETEC 0.150

0.0%

Sep 8 5:00 PM EST

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To: jeffbas who wrote (953)	5/29/1998 11:58:00 PM
From: Dr. Bob	of 1279

Jeffrey, Perhaps the only difference is our time frame. Anytime I can feel pretty confident of a double in 18 months, I'm ready to buy, without trying to time it too finely. I think mid-30's is a great price for a company whose growth rate is at least 25%, whose earnings during an industry downturn will be at least $2.00, and whose potential when the upgrade cycle begins is $3.00 - 4.00. You could dispute the numbers, or agree with the numbers, and just figure you can get in at a same or better price at a later date. I gather it might be a little of both?? I think management's guidance is absolutely the worst case scenario they can present and still be believed - and with shareholder suits around every corner, can you blame them? And this may be the biggest difference in our guesses - I gather you are taking them at their word, and things might even get worse; I'm thinking odds are pretty good things will turn out better than they say, and almost no chance they will turn out worse. Time will tell; it'll be interesting for someone to quote us again in another 18 months! Bob

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