Eep Opp -- Your method is as good as any, as long as the numbers going up quarter to quarter and year to year aren't the debt numbers!
Personally, I have to pay more attention to the numbers, basically because I have so little grasp of the technology most of these companies are involved in. Not that I don't try to understand; but the fact is that I am a technological moron. ;-(
And speaking of QCOM numbers, I notice that last quarter's sales were way down. Is the company "maturing" -- i.e., levelling off, or was this just a blip on the screen? Do you think it will ever revisit its high ($200 a share), or even surpass it?
For your edification and amusement, let me cite Morningstar's estimate of a "fair price" for QCOM, reached by means of its "proprietary valuation model," undoubtedly the strictest I have ever run across. It is $22.27 a share. (Love it! Right down to the last penny!) But don't feel bad. Fair value for Cisco, according to Morningstar, is even lower: $9.99 per share. (Boy, you'd think they could round it off to an even $10.00. Otherwise, sounds like a fire sale!)
The Jetsons, eh? Never saw them. There weren't any cartoons in my day. Never even had a TV until my oldest son was ten years old. The Katzenjammer Kids -- now that was more my style! <g>
jbe (feeling the years) |
