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Technology Stocks : KEMET Corp. -- Ignore unavailable to you. Want to Upgrade?

To: techtonicbull who wrote (306)	7/26/2000 12:42:00 PM
From: Labrador	Read Replies (2) \| Respond to of 906

So who's selling, and why? [fyi- bought some at $25.25]

To: techtonicbull who wrote (306)	7/26/2000 12:51:56 PM
From: G.M. Flinn	Read Replies (1) \| Respond to of 906

Twilight Zone indeed! KEM p/e for current year now 5.5x based on CY earnings as follows: Q1 - $0.90 Q2 - $1.05 Q3 - $1.20 Q4 - $1.35 Total - $4.50 I imagine this earnings forecast is light given the pricing power KEM is implementing and the additional capacity that will be coming on line (price and volume increases going forward). Even if this is a "commodity" this is a ridiculously low valuation (by the way, how come the chip components, arguably "commodities", are valued at 40-100x forward earnings ? go figure).

To: techtonicbull who wrote (306)	7/26/2000 1:03:23 PM
From: Paul Senior	Read Replies (2) \| Respond to of 906

Just when is this $60 supposed to be achieved? Next year? So that would mean the stock price is reaching high levels - people are buying into KEM -- just as supply is supposed to meet demand for caps (2001). If the price can't rise now when there is a big shortage, I don't see why the price should be at $60 when the shortage is alleviated and maybe there's even an oversupply. And if this price target for KEM is maybe supposed to occur soon, I find that unrealistic as well. Better short term moves to me would be in companies like LSI which seem (imo) to have better business prospects but which are down now apparently temporarily due to component shortages. Paul S. long KEM, and wrong many,many times