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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Gus who wrote (2962)	4/9/1998 10:26:00 AM
From: Stitch	Read Replies (2) \| Respond to of 9256

Gus, Thanks for the post. I have been reading Gillian Munson's stuff with increasing interest. I think she makes an excellent point. In any case, you don't have to sniff the wind too long to realize the glut isn't over and there are other fundamental questions begging answers as well. Tough sector right now. Best, Stitch

To: Gus who wrote (2962)	4/9/1998 11:42:00 AM
From: appro	Respond to of 9256

>>the best time to buy drive stocks historically has been when they trade for one times book value<< Sounds good except when the book value declines faster than the stock price as has been the case with APM in recent months. ; )

To: Gus who wrote (2962)	4/9/1998 10:19:00 PM
From: Mark Adams	Respond to of 9256

Munson noted that the best time to buy drive stocks historically has been when they trade for one times book value, as they did in the summer of 1991. She notes that Quantum, Seagate and Western Digital as a group are trading on average at 2.6 times book. I enjoyed the article- but DD weren't the only segment trading at one times book in 91. I found that if you wait for history to repeat itself, you may be left in the dust. This time they may only see 1.5xbook, or maybe .7xbook. Time will tell...