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Strategies & Market Trends : The Amateur Traders Corner
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To: Kelvin Taylor who wrote (8686)4/26/2001 9:12:17 AM
From: Tom Hua  Read Replies (1) of 19633
 
Kelvin, I think analysts will downgrade CCMP after the CC at 12 pm today. Rewind to March 12 when they first warned of lowered Q2 but maintained >50% growth for FY 01 and 16-18% net margin, the 3 underwriters reduced 2001 EPS to $1.90
(0.17*270 MM/24 MM shares)set their targets as follows:

1. Goldman Sachs analyst Kimberly Ritrievi thinks stock could trade
between 40 and 47 1/2, at 25 times earnings. Well, stock traded below
40 for a couple of days.

2. Merill Lynch's John Roberts sets 12-month target of $56.

3. Robertson Stephens is more "aggressive", analyst Sue Billat thinks
31 times EPS (about $60) is attractive for the long term (in other
words, stay the hell away).

It'll be interesting to hear their revised opinions tomorrow.

Regards,

Tom
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