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Technology Stocks : All About Sun Microsystems

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To: Prognosticator who wrote (42109)3/15/2001 11:36:57 PM
From: cfimx  Read Replies (1) of 64865
 
>>Please note: I am not justifying the price that SUNW reached earlier this year, that was too high by any measure unless you believed 60% earnings growth was sustainable. I am analyzing the situation as it stands today and making my own decisions.

u r contradicting yourself. you are essentially saying the p/e WAS important then, but now its NOT, yet suncom retained earnings then as it does now. why was it IMPORTANT to u then? because it was TOO HIGH.

Here's your statement:

>> a P/E ratio is important only to companies which distribute earnings as dividends. Companies which reinvest and grow like crazy can have astronomical P/E ratios, and are still not overvalued in any sense. <<
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