SI
SI
discoversearch

Technology Stocks : Wennerstrom Semi Equipment Analysis

 Public Reply | Prvt Reply | Mark as Last Read | FilePrevious 10 | Next 10 | Previous | Next  
To: cluka who wrote (54355)10/23/2011 1:00:44 PM
From: Cary Salsberg of 65844
 
I agree with your comment on PEG. Long term growth forecasts have been and are its Achilles heal. Unfortunately, you are guilty of some of the same kind of thinking when you say, "...earnings are in a major state of change." We are all privy to recent past data, but we are pretty much in the dark about the immediate future. Short term industry behavior has reacted to both recent weakening of the global economy and fear of the future. The fear has a political component as well as an economic one. Since end user demand has decreased modestly compared to the recent decrease in semi equipment orders and some of the slowing semiconductor sales reflect inventory reduction brought about by both shorter lead times and economic fears, it is not certain that semi equipment orders will not snap back to recent high levels in the next 6 months. In that case, current high PE is appropriate to discount a short term blip.
Report TOU ViolationShare This Post
 Public Reply | Prvt Reply | Mark as Last Read | FilePrevious 10 | Next 10 | Previous | Next  

Copyright © 1995-2014 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.