Paul Senior, Aus, and thread: Using a price-earnings ratio as a rule of thumb to project what the stock might sell for is imperfect, to say the least. It's a good measurement only when there is a fairly good earnings track record over several years. Instead, one can get better estimates of stock price targets by looking at increases in revenue and then comparing that data with other technology companies. The ratio of the price per share to sales per share, in my opinion, is a better indicator of where the stock should be. If that ratio is less than about 5, and you compare with other tech stocks, you'll find that SNDK is a real bargain, even in the 40's. What would make it drop back to the 30's (momentarily at least)? Nothing but some overall market fears generated by the prospect of higher interest rates, etc.
As to photos, if you get a camera such as the Nikon Coolpix 700 (fairly high resolution, no zoom lens, but circuitry to allow electronic zoom), you will get quite satisfactory shots for display on a computer screen, for e-mail, and for printing at sizes up to about 4 x 6 inches. You will be able to do a nice XMAS card, probably at lower cost than a commercial one, as an example of applications that you might normally not be interested in. If you send greeting cards with a photo to your friends via e-mail, you will also save on postage and printing paper, and end up actually saving money. But if you limit yourself to casual vacation shots and use a camera infrequently, then the old fashioned film is still the best option. For me, since I take a lot of photos (about 500 or more a year, about 20 percent of which are of my grandchildren), I hate all the scratches that careless photofinishers leave on my negatives. I'm ready for the day that I'll never see another photo store. |
