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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Second_Titan who wrote (10285)	11/6/2001 9:03:36 AM
From: Think4Yourself	Read Replies (2) \| Respond to of 23153

shhhhh, I AM one of those shucksters right now! :o) My point about money bieng on the sidelines is more oriented to money that has been sitting there than new money. A lot of folks who have been sitting there are probably thinking it's about time to get back in the game. I see possibly one more big year-end dip and then it's off to the races. Guess I'm seeing things a bit different than you are if you're seeing a collapse. With all the liquidity out there we could EASILY form another speculative bubble. PE's haven't mattered for 5 years. Why should they start mattering now?

To: Second_Titan who wrote (10285)	11/6/2001 9:10:07 AM
From: kodiak_bull	Read Replies (2) \| Respond to of 23153

Que: I liked your comment, "CSCO and others could easily trade at half of today's values if people decided a PE of 20 on real earnings was all they would pay." Actually, if we were to annualize their pro forma (Saints be praised!) "earnings" of 4 cents this quarter, which would require just a little Kierkegaardian skip across the gaap, and arrive at 16 cents for the year, give it your PE of 20, voila! (or viola!, as you wish), you get your fairly priced Cisco for $3.20/share. Funny thing, the consensus current fiscal year earnings are 17 cents (Zack's) and next year's are a whopping 40 cents. Question for le group: are the "consensus" earnings pro forma or real? I had always assumed that analysts' earnings projections were real, and that the pro forma crapola was simply part of the press release, but as always I await enlightenment from the Truly Knowledgeable. Hmmm, 40 cents gives you an $8 stock, split the diff, let's say Cisco is a buy today at $5.60. I'm going to put in my GTC bid at $5.65 right now (I don't want to miss it by a nickel). Kb