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Technology Stocks : Credence (CMOS): Anyone out there
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To: Jun Wang who wrote (150)2/27/1997 10:58:00 PM
From: Dennis G.   of 497
 
Actually Jun, CMOS did briefly tank right after that last earnings
disappointment, getting down to around 15 I believe. But that day
Merrill came out with an upgrade and now has them at a top rating of
1-1. And Zacks earnings consensus estimates are 0.82 for this year
and 1.63 for next year, which means a forward multiple of only around
13. I think that's why the stock rebounded so quickly. Future looks
pretty decent right now.
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