Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: ItsAllCyclical who wrote (87173)	2/14/2001 12:13:12 PM
From: Sharp_End_Of_Drill	Read Replies (1) of 95453

JimL, I'm curious as to why you consider GLW and NT cheap. GLW according to Yahoo has a PSR of 4.77, a PE of 84.7, debt/cap of 0.4, and $1.5 per share cash. Debt and cash seem quite reasonable, but PSR and PE indicate the stock is approx. 2x too high by my opinion. A few years ago these guys were making glass bottles and silicone boobs. Now that they make fiber suddenly they command tech multiples. I don't see the value, but welcome your opinion on what I've missed. NT has PSR of 2.9, PE is N/A, debt/cap is 0.08, and $0.50 cash per share. Seems much more reasonable but their market has had a heart attack and suddenly died. The major telecoms have run up so much debt that I think their problems are really just beginning, and orders for equipment will suffer well into next year. Add to that cut throat marketing by LU, CSCO, and other competitors as they grasp for market share and competition will be fierce for the declining telecom spending. I think it may be early on this one. TIA for your response. Sharp

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