P/E and stock price vulnerability/comeback:
It would appear that for the near term PE ratios will exert an upward/downward effect on stock valuations and, hence, the potential for quick recovery. I am not arguing for this method over others more appropriate to high growth/new companies. I am just stating my perception that they count at this juncture in time. Hence I thought a review of some hot tickers' p/e ratios might be useful as we attempt to find bottoms for specific tickers and guage their potential for recovery. The tickers listed are limited to a handful of the ones i track which HAVE earnings. Certain of DLJ's P/E ratios may vary signiicantly from ratios available from other sources (e.g.; PE for ORCL is 98 at dlj,153 on Datek streamer). THE VALUES ARE AS OF FRIDAY'S CLOSE.
Tickers with PE'S
< 50: IBM,INTU,RSAS,LU,ADBE,MSFT,GE,AMD
50-99:AMAT,ORCL,SUNW,TXN,MOT,GLW,QLGC,DITC,EDS,HLIT,CMGI, CNXT,INTC
100-199: CSCO,AOL,PMCS,SEBL,RFMD
200-299: QCOM,EXTR,LSI,ETEK,FDRY,NTAP
300-399: BRCM,SDLI,ASDV,FFIV
400-499: BVSN,ENTU
> 500: ITWO,VRSN,BRCD
Note that some PE's varied significantly between real time and delayed so I make no claim as to their accuracy or how current the values are. They obviously are not up to date with current earnings reports.
hope this will be of more help than harm as we weather Monday's storm <g> |
