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To: Ian@SI who wrote (3022)9/7/2000 6:51:36 AM
From: John Stewart  Read Replies (2) | Respond to of 3661
 
It is interesting to note that MTSN shares are now selling for exactly a PSR=1 for 2001 (56% of next years sales). I expect that in the next upcycle, after the merger has proven it's worth, we should see a cycle peak of a PSR of about 4. When you factor the long term sales growth of, say, another factor of 3, the long term looks bright indeed. This said, however, I now think Mr. Market will continue to focus on the next downturn until it happens, holding down share prices for the sector. I think if one is savvy enough to load up during the next bottom, they are likely to see a 20 bagger in a few short years.

Best Regards,
John Stewart