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Technology Stocks : Nokia (NOK)
NOK 8.34-0.7%Oct 24 6:40 PM EDTNews

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To: Ruffian who wrote (26452)4/16/2004 6:48:41 PM
From: pyslentRead Replies (1) of 34859
 
So NOK is overvalued with a PE of 16 but QCOM is a good buy at a PE of 56? If NOK drops down to 10, as you predict, it will have a ttm PE of 11 (8, if you subtract out $3 in cash), and the forward PE will not be much changed, even if ex growth. I don't see that happening, but if it does, it might be the investment of a lifetime.

The market may be irrational short-term, but a shrewd investor will not lose sight of underlying value.
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