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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (50564)	1/1/2011 2:15:40 PM
From: Donald Wennerstrom	3 Recommendations Read Replies (1) \| Respond to of 95572

This is the same Group data as the previous post, but this time they are sorted by PEG. Thirteen of the 18 stocks have PEGs less than 1 as we enter the new year. Five of the stocks have PEs less than 10.

To: Donald Wennerstrom who wrote (50564)	1/1/2011 9:40:37 PM
From: Jacob Snyder	1 Recommendation Read Replies (2) \| Respond to of 95572

re: 2011 earnings, LT growth rates, and PEs: 1. There is a tight grouping in the PEs: aside from a few outliers, most are in the 9-12 region. 2. There isn't any relationship between PE and LT expected growth rates. That's because a) nobody believes the LT growth rates, or b) the market is Inefficient, or c) nobody is using forward PE to value the companies. Take your pick. 3. The reason the PEs are low, is because a) we are looking at cycle peak earnings in 2011, or b) we are in a secular bear market and all PEs have been falling since 2000. 4. If COHU is really going to grow earnings LT at a 27%/y rate, and we aren't at the cycle peak, it's a steal at a PE of 12, and we should load up on it, preferably yesterday. disclosure: no COHU position