Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 259.21

-4.0%

Dec 12 9:30 AM EST

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To: Proud_Infidel who wrote (47199)	5/24/2001 11:50:30 PM
From: EACarl	Read Replies (1) of 70976

Brian, RE "What historical valuation are you referring to? The low PSR of 1 in '96, the low PSR 0f ~2 in 98, or where we currently are? Notice how the trend has been up? History does not repeat; it merely rhymes. Don't say AMAT should trade at X valuation simply because it has done so in the past. " So , am I to assume that the PSR and the P/E continues to increase forever? I'd rather use history as my guide than expect these ratios to continue to increase. As we all should have learned over the past several years, a stock price percentage increase can not outperform its earnings growth rate forever. Sooner or later the P/E approaches infinity!!!!!!!! With AMAT low PSR of 1X sales in 96 and 2X sales in 98 and 4 or 5 X sales this time is ridiculous. Each time that makes the P/E higher and higher. The over valuation line must be drawn somewhere. Eric.

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