Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (1876)	4/1/1998 9:23:00 PM
From: Clarksterh	Respond to of 5867

Brian - You conveniently left out my "maybe". I agree that it is one of the cheapest stocks in the semi equip category based on P/S, but that was also true in August of '97 (and it is down 50% since then). Or, compare it to mid '96, when it was even cheaper on a P/S basis. None of this is to say that I think it is overpriced, only that it is at least possible that the argument can be made. But the P/E argument doesn't hold water for stocks in the midst of a downturn. As for me, I agree with you. At the bottom of a downturn, the analysts tend to underpredict future earnings, and at the top they overpredict. I think that all of the semi equip's will beat current estimates for fy99 by a substantial margin (unless there is another major macro-economic event or PC sales completely dry up), and as a consequence I am long Lam. Clark