Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 234.37

-2.7%

1:58 PM EST

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To: Justa Werkenstiff who wrote (19965)	6/6/1998 12:54:00 AM
From: 16yearcycle	Read Replies (2) of 70976

No question that by using trailing ratios, klac is there now. As you infer, the problem is what sales amounts we are multiplying by. Sales are declining, so 1.6x a much smaller sales amount, will get a much smaller stock price. I have amat's book at 6.58, at the point of the last trough. The stock hit a multiple of 1.656 book. The same multiple now is 5.1 billion or about 14 per share. So, still a way to go, if we hit those levels. There are no guarantees of a firesale this time though.

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