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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Mike Buckley who wrote (27066)	6/29/2000 1:54:00 PM
From: StockHawk	Respond to of 54805

>>you're right that hardly any quality high-tech stocks have a PE (excluding one-time accounting events) below 100, including SanDisk.<< Just to throw another wrench in here, there is, of course, a difference between trailing P/E's and forward P/E's. At the site you suggested they show only one P/E, it is near the bottom of the page and it is a P/E for year 2000 for SNDK, which is 65.44. That would be based on one past quarter and three projected quarters. Of course the site also presents the past 4 quarters eps so it is easy enough to calculate the trailing P/E. Trailing P/E's are more "solid" since they avoid estimates which can change at any time, but for a growth investment we are buying for the future expectation so a forward P/E is useful. Also, although one time charges and earnings should rightfully be excluded, they should not be ignored entirely. Some companies have a habit of writing off past "mistakes". I much prefer to see one time gains, like SNDK has had. It is just another indication of savvy management. StockHawk