SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 142.62+2.2%Nov 21 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Phil M who wrote (3611)12/1/1997 11:40:00 AM
From: Michael C Quesnel  Read Replies (1) of 10921
 
Hi Phil, you said "from my novice viewpoint your
list of co's have a below avg PE in comparison
with the historical numbers."
Beware of using low PEs as a positive indicator
with cyclical companies. There is a real tendency
for their PEs to be lowest when the companies are
over-valued (when the companies are at the top of
a cycle and printing money) , and for their PEs to
be highest (even negative) when the companies are
under-valued (because they are at the bottom of a
cycle).
For example, the PEs of AMAT, KLIC, LRCX,
etc. were in or near the single digits at the end
of 1995. Look at a long time chart to see what
their stocks did.

Mike
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News