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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (11162)	11/15/1997 6:01:00 PM
From: 16yearcycle	Respond to of 70976

Geez, Middleswart is a real party pooper! Please forgive me for correcting some of his INCREDIBLY DISTORTED "facts".If you haven't read the article, he suggests that amat usually trades at around book value, so we should be horrified that it currently trades at 4+x book. Since 1986, amat has, each year, traded as high as 2x book value, but more recently: 1992 3.3x 1993 5.4x 1994 4.7x 1995 6x 1996 3x 1997 7x You will find similar multiples to book value in the other companies this analyst discussed. In 1989 and 1990, amat briefly traded below book value. Those are the facts. What can one say that is appropriate about these analysts? As with the traders, analysts exist to create volitility, which will benefit a good investor over time. Gene