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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Sonki who wrote (34145)	10/19/1998 10:18:00 AM
From: Knighty Tin	Respond to of 132070

Sonki, Price to earnings growth only works if the growth continues at the current pace. I think it will not and so does WLA mgt. Meanwhile, WLA is at 60 times eps while PFE is at 40 times. 40 times is way too high. 60 times a stock that mgt. says will only grow at 30 pct. is just silly. I also think PFE is bloated, but WLA, a traditional laggard in the group, is having one of its few periods of outperformance and betting against them has always been profitable. BTW, near term, their eps looked fine. I think Intel needs a lobotomy for buying part of MU. MU will waste the cash on more capacity in an industry in glut. I hate both Intel and TXN. I wouldn't buy either. DSP has yet to even start its decline and that probably makes TXN more vulnerable. But there is a chance that Intel will go from monopoly to irrelevant in the new pc market. So, a pox on both their houses. That being said, they will tell a lot of lies between now and Xmas, so I have yet to buy my first third of puts on either. BTW, I don't short stock. I buy puts. Much safer, much more profitable. MB