Mani's right, ever since I've been looking next year has shown a lower EPS. I never thought it had to do with taxes, I thought it was the willy effect.
chic,
Mani is wrong...since the beginning of May there has been one time that AMD has closed at an all time high. Since early May, the stock has been mainly trading sideways. Since May, the one new closing high failed to hold and we fell back into a trading range. That action coincides with the establishment of new consensus estimates for 2001 that are lower than 2000.....again at the beginning of May. I am not making this up simply to be bearish and this action may be attributable simply to movements in the markets. However when a stock breaks from its normal pattern and starts to act differently, I try to figure out what the problem is....with AMD I could not figure it out and gave up. But this AM when I was checking estimates, I saw the changes I brought to the thread's attention. Not saying its the ultimate truth but I brought it to the thread's attention so that it could be discussed. Personally I don't think that Willy's the problem either...I think most analysts are beginning to question whether Intel can pull off the willy launch successfully.
Simultaneously, I am also hearing concerns of a possible slowdown in the chip business. Since I have never trusted Intel's public comments re their capacity constraints, nothing would surprise me now. And since I live off my trading in part, I have to check out any trends so that, where possible, I may prevent a possible disaster.
As for the consensus estimates, they are based at least in part on comments from the company. I am hoping that Sanders will give more positive forward guidance in July.
As for my posts this AM, I regret bringing this stuff to the thread. It seems lately that almost any negative or critical comments wrt AMD is met with almost derision. Frankly, it is starting to sound like the Intel thread of last year.
ted
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