Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 226.05

+1.3%

Nov 14 9:30 AM EST

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To: Big Bucks who wrote (25149)	10/11/1998 9:40:00 PM
From: blake_paterson	Read Replies (1) of 70976

<<AMAT is projected to have an estimated forward PE of 36 on earnings of $0.66. Does this make sense to anyone else?? If so please explain.>> BB Like you, I'm looking for < $20... Believe "fair value" (no, I don't have quantitative criteria for this term) is in the mid teens. Don't know how to use PE's in the context of negative earnings growth... I've been guessing a loss and a price of $17.50 (for this Q) since the last cc; sure hope my gut is correct, 'cause then I'd likely get back in to this and KLAC. I rotated out of equities in August but then was too greedy/stupid to stay out. Nonetheless, all of my guns will be aimed at this sector, just don't know how long we'll have to wait for the ever elusive "bottom," and whether it will be Death Valley Days thereafter for 1 year or 1 month. Gut says 4 (months). Lots of maalox. Regarding the bottom and your strategy, what will you do after your first pruchase if it doesn't drop the requisite $2. Stay or bid? BP

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