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Technology Stocks : Lucent Technologies (LU)
LU 2.430-5.1%Nov 19 3:59 PM EST

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To: Chuzzlewit who wrote (12051)1/5/2000 3:06:00 PM
From: Zoltan!  Read Replies (3) of 21876
 
>>I take it by your failure to respond to my challenge (Give me a rationale for CSCO's share price based either on projected earnings or cash flow together with long-term growth assumptions.) that you cannot come up with a decent valuation technique that accounts for CSCO's price per share.

Since you endorse the current price I assume that you have a quantitative rationale behind your endorsement. I would love to see it.


Potential cannot be gauged in the manner that you describe. That is what Doll was saying. I suspect that you would miss most great investment opportunities if you relied solely on what you see behind an accountant's visor. True vision requires that they be removed from time to time to see the larger picture and ultimately visceral vision to make the call.
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