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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Jay Lyons who wrote (4206)	12/13/1998 11:09:00 PM
From: AlienTech	Read Replies (2) \| Respond to of 43080

>>We Are Raising Our Price Targets By Rolling Forward Our Discounting Horizons, Raising 12-Month AMAT Price Target To $55 From $41. Using a 4 times multiple of next year's sales-per-share estimate. Raising 12-Month KLA-Tencor Price Target To $50 From $36. Using a 3 times multiple of next year's sales-per-share estimate. Raising 12-Month Novellus Price Target To $60 From $43. Using a 20 times multiple of next year's earnings.<< Using my head in smelly damp and deep dark spot I say WHAT? 2+2=5, just take a one from over there and add it if it dosent match up, but if you actually do get 5 from 2+2 then never mind the 1 over there as it is not needed, but we might need it in case someone is smart enough to figure it out. I have heard it all now, You can valu ANY company from 0 to 1000 just based on math. But never consistantely from moment to moment.