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Technology Stocks : Elantec Semiconductor (ELNT)

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To: Lyle Bean who wrote (281)12/13/2000 11:17:47 AM
From: mcweazy  Read Replies (1) of 329
 
I bought into Elantec this morning at $41. Forward P/E is around 20 making the bottom for this company in a slowdown around $19 - $20 based on 10 year summary P/E of 9.61. THis company has great products, a great future and is priced reasonably compared to the rest of the market. ELNT has a value of $55.90 a share at reasonable valuations. My main concern is that PC sales are slowing and a good portion of Elantec's sales are in PCs tho they do have a good market position and DVD and CD-RW, of which the vast majority of PCs sold in 2001 are thought to have these components.

Over all a good company with a bright future that might waiver more in a scitzophrenic (sp) market. Hang tight longs, much more upside than down.
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