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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 75.48+2.0%3:59 PM EST

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To: JeffT who wrote (58372)3/11/2002 12:10:32 PM
From: Jacob Snyder  Read Replies (2) of 77400
 
My problem with a stock price of 30 at end-of-2002, is this: When I guess reasonable or even optimistic sales and earnings for 2002 and 2003, I end up with unreasonable forward and trailing PE and P/S numbers. Of course, the market has been (and could again) be unreasonable. But it can't be permanently unreasonable, eventually we RevertToTheMean. And, no, I can't (no one can) quantify "eventually".
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