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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 159.33-1.8%Nov 7 9:30 AM EST
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To: Math Junkie who wrote (9726)4/17/2001 8:43:38 AM
From: Ian@SI  Read Replies (1) of 10921
 
Richard,

Yes, P/E as a standalone number is meaningless.

P/E with Growth has a little more meaning.

And P/E on the NASDAQ tends to be irrelevant as a valuation factor for many if not most of the 8-9000 stocks that trade regularly. e.g. Try using P/E to value a biotech that's about to get FDA approval for its first new Drug Application.

I'd tend to agree with Gottfried, P/E, especially on NASDAQ, is an exercise that would be done only because PCs make it easy to do such a task irrespective of its value.

IMHO,
Ian.
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