>>The jury is still out. <<
Ok, we'll allow you to fudge a bit.<g>
But, this environment is much different than 2 years ago.
Look how P/E's are way higher than before. And earnings
and earnings growth are also lower than before. How can
this be? Market speculation? IMO,
it's because low interest rates are off-setting things.
Also, a couple of things may happen:
1) Some earnings surprises which will bump up those earnings
estimates. (We've already had 2 quarters in a row, because
the numbers have been low-balled). We also may get an
earnings surprise because the products hopefully will eventually
enter some sort of boom phase. (Cable modems, xDSL modems,etc...)
2) We can almost taste a big contract coming around the
corner<gg>. It's gotta happen sooner or later. When it
does, it'll be earnings revisions time....
Heck, I'm still happy with $65 a year from now, but I'm banking
on doing better with just a little luck and COMS executing better
which it seems to be doing as evidenced by a) much better
management of earnings expectations, b) making quarters,
c) productivity/efficiency improvements.
I think the market just needs a bit more "concrete" proof.
Contract in writing would do the trick nicely.<g> |
