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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (24724)	11/19/2010 11:45:53 AM
From: Kirk ©	Respond to of 25522

"However I worry about the pace of recovery. I do not expect a double-dip like some people; I expect slow growth with a couple of bumps along the way. " ECRI says "Global industrial growth is going to revive around the end of this year or early next year."

To: Sun Tzu who wrote (24724)	11/19/2010 12:17:02 PM
From: Cary Salsberg	1 Recommendation Read Replies (2) \| Respond to of 25522

RE: "...cyclicals are not priced for a slow recovery." Capital equipment is cyclical. AMAT sells capital equipment. A slow, LONG recovery is particularly beneficial to a capital equipment vendor whose customer's markets are handily out growing the general economy. Add to this, the "market" expects cycles that are NOT tied to macroeconomic cycles and has priced accordingly. The "market's" combination of underestimating revenue and earnings growth and applying an outdated valuation model may provide exceptional profits for people who can see if the emperor has any clothes on.