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Technology Stocks : Western Digital (WDC)
WDC 157.75+1.5%Nov 26 3:59 PM EST

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To: Pierre-X who wrote (7800)11/23/1997 11:20:00 AM
From: christopher d licata  Read Replies (3) of 11057
 
the only fault in your logic is that the pe tends to be lower on peak earnings and higher on trough earnings. on 1.50 in earnings the pe should expand to 20 for a price target for me of 30. when earnings hit 2.75-3.00 next year, the pe shoould contract to 15 for a price target of 45. this is still a great company with great products and great management and doesnt deserve to go from 54 to 22 in a few months. hang on, buy more, we will all be rewarded.good luck
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