Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Lee Lichterman III who wrote (24361)	11/17/2001 8:40:09 PM
From: waverider	Read Replies (2) of 52237

Lee, I asked Larry to clarify the PE situation with his perspective so I figure I should ask you as well. Is there any validity in the "buy high PE's in a down turn" thesis? Assuming for a moment that CSCO will be off to the races next year, they would have to increase their earnings quite a bit. The last 4 quarters they made .27 Estimates for the current fiscal year (ending July 02) call for .22 July '03 they call for .40 At 20 bucks we are talking a 74 PE with backwards PE. 90 PE forward earnings (how they will make .22 is beyond me with .03, .02, .04 for last 3 quarters (of which .04 counts for the coming fiscal year). So a 90 PE for a company that has negative growth over the next 12 months (estimated of course). Could CSCO pull a 100% growth rate and make anything near .44 by Oct '02? Giving them a premium, could they make even .30? wr

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