Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 153.34

-5.0%

3:59 PM EST

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To: Cary Salsberg who wrote (10363)	5/3/2002 9:13:20 PM
From: orkrious	Read Replies (1) of 10921

Yes that is what cyclical growth companies do. No, not exactly. You buy cyclical companies when their PE is high at a business trough. And you sell them when their PE is low when business is booming. The problem with the semi equips is that they sold at large PE's or P/S's when business was booming. Now that business has fallen off a cliff and the price is down by 1/3 to 1/2 and they have a huge PE doesn't mean they are cheap. Growth cyclical. Hmmm. In a year or two that will have proven to be an oxymoron. Don't get me wrong, I think most of these are great comapnies. But the value of the stock sucks. At these prices they are terrible investments.

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