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Technology Stocks : JDS Uniphase (JDSU)
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To: RetiredNow who wrote (21364)8/26/2001 1:55:55 AM
From: sea_biscuit  Read Replies (2) of 24042
 
Let's see. To support a stock price of 15 at a decent PE of 30, we need the earnings to be 50 cents per share. That is, earnings of 1.32B * .5 i.e. 660M a year. And in a year and half from now. One might actually wonder if the company can even do revenues of 660M over the next year. Things are that bad, what with the global recession slowly spreading its tentacles to every country in the world.

I can't see how this can reach a level of 15 and sustain it, without the markets getting back to bubble valuations. And for that to happen, Uncle Greenspan has to somehow reinflate the bubble all over again. As things stand now, the old man is running out of time and ideas, so we can't possibly expect him to do that. To be sure, he is doing whatever he can and has inflated a real-estate bubble now. But that one is gonna blow up in his face in a year, maybe a lot sooner.
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