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: DataBits who wrote (88761)	3/18/2001 5:27:34 PM
From: Terry D	Read Replies (1) of 95453

Even for a "bit" that is simplistic. IBM is 20% undervalued to what? Its sector? The market? An XFL franchise? On what basis? Growth? Balance sheet? Market share? From where it used to be? You may be right, IBM may reverse course from its massive 30% drop from its September high and never look back. But - CSC proved that service business is not recession proof, sales and orders for big iron are slowing, they are exposed to Europe's skidding economy....... Current-year profit estimates for IBM have held at around $5 a share - but that is suspect. A 20 PE is nothing compelling for a company losing momentum. But I don't have any cute tag lines - so WDIK?

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