Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.100

-12.7%

Dec 17 3:59 PM EST

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To: Brian Lempel who wrote (10855)	12/8/1997 7:30:00 PM
From: Jonathan Bird	Read Replies (1) of 12298

All I can say is that we will know who's right tomorrow. Indeed we will. With the current earnings estimates on APM I believe we are at fair value at around 15. We are at about 9 or so forward P/E. I have seen APM go as low as 7 with a much brighter outlook and under thriving industry conditions so I think this is reasonable. But if you refer to Bills COLD HARD NUMBERS, which I assume you can't dispute, you will realize that the current estimates are still much too high. Unless you feel that the market is in a position to pay a premium for APM in this climate. Jon Bird

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