The price has fallen from a recent hi of 11 3/8 now to 6 1/2 intraday. This is taken as proof that it will go a lot lower by some. So does this halving of value then mean the price will continue to go to $3, Salim and Norman?? To a 96 pe of 10, 97 pe of 5, 98 pe of 3, 99 pe of .5 or so?
What us fundamentalist analysts are recommending is buying the stock based on it's "intrinsic value" based on history, benchmarking with others in the tech sector and the future factored in as best we can guesstimate. Thats why I've been pounding the table continuously because all of these prices are low enough to justify a buy when you look at its future a couple years out, even one year or 6 months out. Not being TA, I rely more on my gut feelings for short term price analysis, and usually I'm wrong. I prefer to stick with fundamentals and wait it out on this one- and you bear's idea of the fundamentals of this company DOES NOT jive with what AXC's publicly reported #'s and business analysis says. KM IS going to be in disk drives this year, it is NOT a failure, and even several industry analysts have said the DST and other CURRENT lines of business are worth 7-8 now, with one analyst saying that alone is worth 10-12 later this year. You can wait for 3, or 0, but I'm waiting for $250+.
On this threat from Terastor, it oughta drive the drive makers that much more into KM's arms to compete. The drive makers aren't going to take this lying down, they're going to compete, aggressively, and KM can help them, and at a good price for them too! |
