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Technology Stocks : Kulicke and Soffa -- Ignore unavailable to you. Want to Upgrade?


To: Stefan Gruenwald who wrote (2324)12/12/1997 9:28:00 AM
From: HoodBuilder  Respond to of 5482
 
Why in the world would you think the market would allow KLIC to trade at a 20 P/E? Historically it has never done that for a prolonged period of time due to the erratic nature of it's earnings.

Furthermore, Price to Sales is a better measure for KLIC.

Technical rebound today and then we go lower again. If I were long the stock I would buy Puts on the run up and smile on the way down. Asia
will not go away and IMHO it will get much worse before it gets better.