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

To: Gottfried who wrote (23833)	9/5/1998 3:13:00 PM
From: Big Bucks	Read Replies (2) \| Respond to of 70976

GM, P/E ratio is now 15.03. This is in my buy range and represents a fair to good return on investment over time. I am continuing to hold on the sidelines with mucho $$. My initial broadside will be around $22, with additional broadsides on each $2 drop from there. We could see the P/E drop as low as 10:1 which could be mid/high teens as a bottom. I consider any P/E ratio under 12 an excellent buy on AMAT. Another buy indicator, PSR should drop to 1.7 and below to meet the "excellent" value criteria. I'm expecting the month to month B2B to continue to drop and am projecting that the bottom will see somewhere in the range of 0.55 - 0.60. BB