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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (2124)	6/6/2002 8:20:05 PM
From: Jorj X Mckie	Read Replies (3) \| Respond to of 17639

Dave, the market has been saying that valuation matters for over 2 years now. The market is a self cleansing organ, if there are conditions that are not healthy in one direction, the market will eventually work it out. And when that happens, the chances of there being an overshoot are pretty high. So, at given points in time, the market is probably inefficient as hell. But over time, those inefficiencies get worked out.

To: Dave Gore who wrote (2124)	6/6/2002 11:20:08 PM
From: gypsees	Read Replies (1) \| Respond to of 17639

"AMAT's PE of 118, peg of 1.87, stock at $19-20 ESST PE of 12. PEG of .5, stock at $14-15 TER at negative whatever and expected to lose 95 cents this year yet a stock price of 27. Market cap 4.91 billion." So what is the remedy? I can't imagine AMAT as a $5 stock, but then again I am surprised at the prices of lots of stock these days. Still I am not sure what the remedy is. Will companies buy back stock to reduce the float? Are earnings ever going to improve enough to make things make sense again?