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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (51770)4/16/2002 3:31:31 PM
From: Steve Lee  Respond to of 99280
 
I gave the PS ratios of the top 10 NDX stocks on my "Nasdaq 100 Analysis" thread. Here's the post:

Message 17336255

The figures in that post are based on revs for the near future (Jul 01 - Jun 02). LLTC is the 11th NDX stock and its PS with those dates is 26. Jun 02 forward PE = 70.

There may be other stocks out there more overvalued than LLTC but this one stands out because it is a large cap and therefore less likely to undergo imminent and long lasting growth. Next on the short shortlist is MXIM, the 8th NDX stock, with a PS of 17 and a PE of 73.

BTW, the earnings figures used for these calcs are pro forma. A crazy crazy crazy situation. The LTBH crowd that don't pick their stocks carefully could be in for a lot of pain.



To: orkrious who wrote (51770)4/16/2002 4:34:10 PM
From: Steve Lee  Read Replies (2) | Respond to of 99280
 
BTW, after today's jump, LLTC is now trading at a PS of 27.65 based on Jun 2002 forward earnings.

Intel report doesn't mention any sign of a recovery and in fact the midpoint of revs guidance for next Q is below the figure for the Q just reported. Wouldn't be surprised to see QQQ trading down by the end of AH (but then again wouldn't be surprised to see it trading up).

Whatever the net AH reaction, nothing in the report to worry the shorts greatly.