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Technology Stocks : Vitesse Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: Chuzzlewit who wrote (2684)	7/6/1999 2:06:00 PM
From: Dr. Id	Read Replies (2) \| Respond to of 4710

I use a different approach. Instead of worrying about interest rates I have developed a metric I call CNPEG2. I normalize the YPEG by dividing through by the YPEG for the S&P500, and then multiply the resulting ratio by the beta. The interpretation is now immune to the effects of interest rates (because of the S&P normalization), and presumably the beta takes care of risk adjustments. Now you can use the decision-making rule of CNPEG2 <1 is a buy. So, using your formula, what companies do you have as "buys"? (I hope VTSS?):-)