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To: Bill Harmond who wrote (11964)6/6/2002 10:39:04 PM
From: techanalyst1  Read Replies (1) | Respond to of 57684
 
And what if there is no growth? What if next year Intel estimates are the same as now? Why should it get that valuation? For a cyclical, it's priced high.

And when growth does return (I doubt it will be all that great, but assuming it does), then what valuation should it get? If the pe and p/s are high at bottoms, why should the stock rally and get an even higher pe if the pe is low at peaks?

TA


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