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

To: Ilaine who wrote (41850)	1/1/1999 8:30:00 PM
From: accountclosed	Read Replies (1) \| Respond to of 132070

I apologize that the p/e of csco dropped to 98.74 due to down draft last week. quote.yahoo.com Coby, I am irritated, and in fact quite irritated. I have tried to be helpful in discussing options and other subjects. 30% growth has some ascertainable value. Not unlimited value. If you want to debate me on what that value is, that would be wonderful. But please do not tell me that I need to understand that growth investors have different parameters than I do, and then not debate what those parameters are and whether those parameters are reasonable. You do insult my intelligence when you offer no facts on your side other than to tell me I don't understand. With regards to options hedging long positions, it isn't a matter of bragging. It is a matter of saying "remember that no one is saying go 200% short here". When Mary Cluney criticizes MB for missing the bull market, or Paul Engel comes in call MB "Bearke", they miss the point of what is going on here. Are you missing the point? I am not betting against the future. I am not oblivious to the wonderful company that CSCO is. I do realize they are growing at a high rate. I believe that many of the market darlings are overvalued. 30% growth rates merit 30 p/e's give or take. 40 or 50 as a p/e for CSCO might not bring on put buying by me. But I take the position that it is currently past reasonable. And I take that position as a small bet in a diversified portfolio of longs and shorts. If you want to have an intelligent discussion, tell what your limit for csco is. What is a reasonable price? If you said well I think it is worth 120 because a, b, and c, that would be more productive than to tell me that I don't understand growth investing. All of us here understand there are different approaches to investing.

To: Ilaine who wrote (41850)	1/2/1999 10:17:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

>>I said that the only thing that would cause Cisco to "go bust," to use your phrase, was for its growth rate to stop, that it had approximately 30% revenue growth and approximately 30% earnings per share growth, and zero long term debt.<< cb, how little you understand about the new age... growth can stop. look at intc? q4 96 eps will be about equal to q4 98 eps (and this is a blockbuster q according to intc ;-) and their stock has doubled. -ng- new era, baby!! ho ho ho ho!!! granted, cisco's pe is a little higher, but that is between friends. you don't tell, i don't ;-) actually, i think monetary liquidity or the fear of god is going to have to set in before people sell en masse. in the mean time, all i ask is they sell what i own puts on ;-)