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Technology Stocks : Novellus
NVLS 2.400+2.1%Jul 24 5:00 PM EST
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To: LemurHouse who wrote (3395)11/26/2002 8:38:47 AM
From: zonder  Read Replies (1) of 3813
 
NVLS has more than 110x P/E for 2002E and about 75x P/E for 2003E. I do not see how a company with such bleak prospects for 2002, and for all we know, most of 2003 can trade at such high multiples.

Of course, when you look at it that way, who knows what will happen to any of these stocks 12 months down the road. Still, with the data available at present (and I am referring specifically to the slipping book/bill ratio of October as announced 21 Nov) it seems the business is not going too well.
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