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Technology Stocks : JDS Uniphase (JDSU)
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To: JakeStraw who wrote (15934)1/5/2001 12:21:03 PM
From: SJS  Read Replies (3) of 24042
 
Jake,

Merrill Lynch currently thinks that JDSU will earn about .80/share in FY 2001 on about 3.85 billion in revenue.

As a forward PE, that's only 56 (at a price of 45/share).

If the growth rate of this sector is 25% (I think I am being conservative here, but you tell me.....), I don't see JDSU as wildly overvalued here with a PE of 56, or even a PE a little higher IF the sector growth rate is reasonable and sustainable.

If WS thinks it can re-afford an expansion multiple to optics if we move out of this depressing psychological funk and buying restarts, I don't see why we can get back to between 80-100 within a year, or maybe higher.

Thoughts on this? Comments?

Steve
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