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Politics : Formerly About Advanced Micro Devices
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To: 5dave22 who wrote (106879)4/19/2000 10:16:00 PM
From: Cirruslvr  Read Replies (3) of 1574683
 
Whoa, I just noticed that analysts are expecting AMD to make $5.07 per share this year. Assuming 175M shares, (which will actually increase as the year progresses like always) that is a profit of almost $900M for the year!

Here are current estimates - 



                  Q2 '00      Q3 '00      Q4 '00   FY 2000
Current average  
(as of 4/14)      $1.11       $1.24       $1.57    $5.07
Range             $0.82/1.29  $0.82/1.57   ???     $4.17/6.03



That means AMD is trading at a PE of 15 based on 2000 estimates. (Yeah, yeah, yeah, I'm acting like this is a big discovery when some of y'all have already posted this.) Heck, Apple, who also recovered from years of losses, is trading at a PE of 35 based on 2000 estimates. I agree with Niceguy's LONG term prediction that AMD is a good buy at double its current value. We're practically at an all time high while the market let out a pffffft! last week. I think the stock is in a good position to go up the rest of the year.

What really surprises me is that even the lowest estimate for the year is $4.17, but four analysts still have a hold on the stock. I guess their recommendations aren't based on valuation.
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