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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?


To: Czechsinthemail who wrote (14839)2/19/1998 2:14:00 AM
From: michael modeme  Respond to of 25960
 
Baird,

I still don't get it. You use the equation:

Value = constant*earnings*earnings growth

But you didn't define value for me. Surely the equation you site is for an estimator of "value". What does the amount $58.91 pertain to? Is it a prediction for the future price of CYMI? Is it what someone thinks CYMI should be trading at currently? I'm still confused. The only thing that makes sense to me is the stock price as a stochastic process.

Chuck Darwin