>Now I am just gonna sit back, put on my catchers mitt, pour a scotch, and wait for Lawrence's comments. I am expecting them to come in low, fast, and hard. I hope they come soon. Scotch dulls my hand/eye coordination.
When I play drunken baseball, I tend to pitch low, fast, hard, and hit you right in a sensitive spot.
Slightly shorter than a year ago, I bought my first shares of QNTM. Here they were, coming out of a painful restructuring, leading in areal density, squeezing >8% operating margins on desktop drives, with DLT growing at triple digits, and expectations of improving fundamentals as far as the eye can see. My notes as of 5/21/97 showed that they were trading at a forward PE of 7.2. The price of the stock? 18.75.
Draw your own conclusions about what I think of industry valuations now.
That's not to say I don't have investment ideas in this sector; I do. But they're sophisticated, hard to explain, and haven't been implemented personally. None of them involve just going long a particular stock, as I know some of you nabob lemmings <g> are wont to do. On the other hand, y'all already know where I've socked away my investment money.
Any more advice, and I'll have to charge ya. Remember, you get what you pay for, this advice and a quarter will get you a cup of water, etc., etc.
standard disclaimer: Heeding anything I say has been known to cause headache, blindness, and jock itch. |
