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Technology Stocks : Semi Equipment Analysis
SOXX 304.92-0.1%Dec 30 4:00 PM EST
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To: The Ox who wrote (17601)8/4/2004 11:33:33 AM
From: BMcV  Read Replies (1) of 95652
 
You guys are a tough crowd. Either it's fairly valued, overvalued, or maybe undervalued--how can you argue with that?

This is the part that got me: "we wonder whether PE metrics such as 20x peak (i.e.FY04)or 25x the likely trough (i.e.FY05)could hold as a floor if next year is a down year."

Wouldn't you think the "trough" would hold for a down year?
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