Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (57923)	8/8/2000 11:09:37 PM
From: WhatsUpWithThat	Read Replies (1) \| Respond to of 99985

WUWT, CMB and C also have substantial investment gains, but their P/E is a fraction of CSCO. If comparing apples to apples CSCO should trade at a fraction of his price. I agreed you want to remove the income from investments, but this is going too far. CSCO isn't an apples to apples comparison with C or CMB, for goodness' sake! Don't damage your argument by taking such an extreme position, Haim. Also have you noted that "other assets" grew by $4 billion now what are those "other assets"?? It's an accounting term. It doesn't imply something inherently evil. At the very least you'll find out from the notes on their quarterly report (ie. the final release), but probably it won't be too hard to find out before then. Investments also grew by $5 billion are they real or just "paper profits" Investments is an asset, with no profit in the item, paper or otherwise. Investments are carried on the books at the lower of cost or market, according to GAAP. Cheers WUWT

To: Haim R. Branisteanu who wrote (57923)	8/9/2000 1:57:39 AM
From: eddieww	Read Replies (3) \| Respond to of 99985

Haim: "CSCO should trade at a fraction of his price" Yes, and if everything were trading where it should be the compx would be around 1600, and spx 800-900, but they are not. In the case of bellweather CSCO, nobody who has the heft to move the stock has any reason whatsoever to see it fall to where it should trade. Even if it were to get hammered over the next few days, it will not drop below 50x leading 12 mo. earnings. Investing today is not a rational process.