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Technology Stocks : Cymer (CYMI)

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To: orkrious who wrote (23661)11/29/1999 11:50:00 PM
From: Bob Kim  Read Replies (1) of 25960
 
That web site contains meaningless rubbish. What a bunch of bull.

Jay,

Maybe you should note the context more closely before trashing my site. I'm not commenting on the merits of CYMI. I'm tracking the validity of the analyst's comments. An analyst should not be recommending purchase of a stock if his price target suggests the stock will go down. When I say that a stock is in "downgrade territory", I mean the implied upside potential to the analyst's target does not meet the typical Merrill Lynch guidelines for the indicated rating. Normally, the analyst would be required to raise the price target or alternatively downgrade the rating. FitzGerald tends to do nothing. Generally, my position has been that his ratings and price targets are too conservative and too rigid. The highest valuation he will give to his stocks is 35x cal 2000 EPS. He only gives CYMI 30x, or a $40 target.

Bob
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