Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 233.63

-3.0%

3:59 PM EST

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To: 16yearcycle who wrote (19960)	6/5/1998 10:06:00 PM
From: Justa Werkenstiff	Read Replies (1) of 70976

Gene: KLAC had a P/B of 1.8 and a P/S of 1.4 at 1996 trough valuations. At the close of $27.625 today, KLAC is trading at a P/B of 2.04 and a P/S of 1.63. Seems like a fair deal to me. The key, of course, is how long this slump lasts and when the market stops looking at P/B and P/S and starts looking forward to EPS. The longer this slump lasts, the lower they might go in price based on P/B and P/S once the numbers hit the books and if visibility continues to be limited. If you figure out where the inflection point might be, please let me know <g>.

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