>>Reality is, XlNX has had nothing to show for a PE of 30 or more for a year and a half.<<
they sure haven't shown eps growth. still haven't. statement was and is still true.
from mike's post...
>>B, Hallelujah, another tax miracle. Revenues and eps up, but taxes down. <G>
Receivables were up, bigtime, indicating last week shipments to save the quarter. Ditto for
inventories. Looks like oversupply with the customers well stuffed. Stockholders equity hit
the skids.
Pretty much what I expected. A 5% up eps caused solely by buying back shares, shipping
aggressively, and holding inventory rather than facing price reality in this report.
But, even taking the 5% eps at face value, why buy a risky stock like this when you can
get a similar return from Treasuries? Selling at nearly 30 times eps, this is a bloated
bugger.<<
everything mike said was and is true. the only point of argument (b/c everything else is factual) is valuation. you think a no growth stock deserves a 45-50 pe. mike doesn't. i don't. history doesn't.
now, if the returns of a treasury were better than xlnx when it was $39 then it is even more so now. how long will the bulls take 1 bird in the bush in lieu of 2 birds in their hand? it has already been a long, long time. it may be longer.
i don't short precisely b/c i know with what i'm dealing with. if i forget then you post to me and remind me ;-) |
