Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.95

+1.7%

3:59 PM EST

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To: Jacob Snyder who wrote (19240)	5/10/1998 2:18:00 PM
From: Proud_Infidel	Read Replies (1) of 70976

Jacob Re:Another rationalization for buying high was recently made by Brian. Use trailing 12 months earnings, and today's PE looks uncomfortably high. No problem. Just use 1998 earnings. Don't worry about the fact that those estimates seem to change a lot. And if that isn't good enough, just keep on going into 1999 and 2000 and...... Eventually you can calculate a PE that allows you to believe the stock is undervalued. Let's see, they will earn $9.00 a share in the year 2010, so they are an incredible deal at a PE of just 4! I think you took my post out of context. Yes, I did say that in a low interest rate/low inflation environment stocks warranted higher premiums. I also stated that DELL was trading at ~25X YR00 eps and compared that to what AMAT was likely to make for their same fiscal year. This IMO is slightly different than looking to the year 2010 as you did in your post, I assume as hyperbole to make a point. I do not think it unwise to begin to look at YR00 eps since AMAT's 2000 begins Nov. 1 of next year. On my calendar, that is not too far away. BK

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