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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Skeeter Bug who wrote (14955)8/15/2001 12:11:04 AM
From: Kirk ©  Read Replies (1) of 42834
 
no way jdsu could have sold their shares for cash. As SOON as an insider would start to unload, the price would come down. The ONLY responsible thing for them to do was to use their inflated currency... Cisco says it is actualy cheaper now for them to buy than it was at the peak as the relative valuations are lower for the targets but I think jdsu was wise to do what it did. AOHell did the best job getting a real company with their inflated stock.

my only point, since neither csco or jdsu were stocks I was interested in at their peaks or trying to defend, was that the earnings at the bottom of a cycle are meaningless as companies will write off the kitchen sink of the town jail if the SEC would let them. p/e's don't mean too much which is why I use other metrics to bottom fish.. price/book, price/cash flow, price/sales, etc. are all more meaningful to me here.

Kirk
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