Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 214.18

-0.5%

Dec 31 3:59 PM EST

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To: Pravin Kamdar who wrote (9368)	9/20/2000 2:41:37 PM
From: Maverick	Read Replies (1) of 275872

Techweek recommends AMD whose PEG is << 1 techweek.com The answer is anybody's guess, but investors might want to keep an eye on chip stocks for some good buys, especially if the market's gloom deepens. Advanced Micro Devices Inc. (AMD), for instance, is more than 40 percent off its highs for the year, but it's cheap if you believe the analysts' growth forecasts. It was trading at about 12 times forecast earnings for this year, according to First Call. That's just two-thirds the 18 percent annual growth rate projected for the next five years. Growth projections should be used with caution, especially in the chip business, where analysts tend to get carried away with optimism at the top of the cycles. But to an investor looking for growth at a reasonable price (known as GARP on Wall Street), a stock with a price-earnings ratio well below the expected growth rate warrants a further look. Besides, trolling for possible bargains like this is a good way to have fun and maybe spot a profit opportunity when the market is going into one of its seasonal funks.

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