Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 163.61

+2.2%

Nov 6 3:59 PM EST

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To: Gus who wrote (1377)	10/30/1997 11:25:00 AM
From: jgideon	Read Replies (1) of 9256

Wow, can you believe the PE's of the DD sector? P/E --- WDC 9.6 SEG 23.3 QNTM 12.8 RDRT 10.6 APM 5.8 HTCH 11.8 HMTT 11.5 (Note: these are copied from Yahoo without checking to see if their trailing EPS is accurate, which it sometimes isn't) I was lucky in that I shifted money out of WDC and APM in August (though I've held QNTM), but these PEs are mouth watering. These are at the low end of their historical levels and indicate good opportunity, unless you believe a price war is coming or serious downtrend in sales. Although the global fluctuations are worrisome, I can't forsee either of these circumstances hitting too hard. PCs are just selling too well and even Al Shugart has to buy a few holiday gifts. I suppose I could worry about margin pressure from box makers seeing their margins squeezed. Otherwise, I believe there is too much 'gloom and doom' priced into the current DD sector. With the strongest period of the year upcoming for these companies, I'm going to be a buyer. What do others think? Have we hit the lows or will there be even more kicking of a sector that is down? jg

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