You don't get it. You need me. This stock will not stop going down, until investors like me decide to start buying. All the momentum guessers, daytraders, Story Buyers, New Agers, BuyTheDippers.......they can't help you now. They are worrying about margin calls. It's investors who pay attention to P/S, PE, P/CF levels, and try very, very hard not to overpay, they are the only ones left with buying power.
I notice I got no response to my question about what EPS NTAP will make in the coming 4 quarters.
Zack's says that the consensus for the FYE 4/02 is 0.57. Further, they say that this estimate has not changed in the last 90 days, and that only 2 of the 22 analysts who follow the stocks have issued any earnings estimate downgrades.
IMO, those estimates have to come down. Looking at the companies NTAP sells to, business conditions have markedly worsened in the last 90 days. The credit spigot is shut down tight. Equipment budgets are being cut.
IMO, the time to buy NTAP will be after most of the analysts have cut estimates, and the number of earnings estimate cuts has started to slow down. Maybe after several months where 3-6 analysts cut estimates, and then the following month only 1 or 2 analysts cut estimates. Notice, we haven't even begun this process. We are today, with NTAP, about where we were with CSCO 5 months ago. That is, the bad news in the customer base is out, but investors haven't yet realised what that means for the equipment makers.
Right now, the dominant tone on this thread is disbelief and anger. That needs change to resignation and disinterest. I'll join you in buying LEAPs. Just not yet. |
