I don't think so, Tim. Stock is behaving very
normally and is undergoing a simple correction. This panic
of yours is confirmation that now is the time to
buy. When there's blood in the street and a lot of
whining and sniveling, that's when you pick up the cheap
shares. If you are so worried, be a man and SELL, and
stop your complaining.
"Earnings have been
great the past couple of years". No they haven't. Going
back to 1994 the earnings have been:
1999 3.86 (projected)
As you can see earnings
have been flat until 1998, and that was due mainly to
the last quarter of 1998. So the growth is less than
a year old. If you don't believe that there is
continued strong growth ahead, then you don't understand
this company or their products or their
"Some clown said this is a 60 $ stock". You're awful
tough with your insults from the safety of cyber space.
The PE of this stock is less than half the industry
average, but has 2-3 times the growth of the industry
average. $60 is certainly fair value.
"This is not
a 25% growth stock". YOU'RE RIGHT! It's a 74%
growth stock. But why quibble over a few percent.
Apparantly 4% is "significant" to you.
See you in six
months - at $60. That is, if you have the balls to hold
during this little panic.
Many of the fortune 500 CEO's are meeting in
China to discuss entry into the WTO. Executives from
Rockwell, Cargill, Coke, Viacom, etc. were meeting with
Chinese leaders last week to iron out differences. Trade
rep. negotiations will resume in Washington on Monday
Oct 4, 1999. It looks like the ball has started
AULT reported nicely rising sales in their most
but earnings were down. Looks like
they are making infrastructure investments in order to
handle future revenue
growth. It will be interesting
to see if BELF pulls the
trigger and takes them
News is that China is demanding more concession
from the United States over issues that the U.S.
negotiators had considered resolved months ago. China WTO
entry looks unlikely, but these things evolve. Thank
goodness we have a free-trade President, unlike the
idiotic protectionist Republican Congress which prefers
to impoverish everyone just to make an infantile
point. The business community is solidly behind the
Clinton Administration on this one, folks.
anyone know the mix of factories in H.K., Macau and the
rest of the PRC? I think that factories in H.K. and
Macau should be free of Chinese meddling, but those on
the "mainland" could be subject to arbitrary
Interesting. I've been a Tyco Shareholder for a
while. It would certainly fit into their line. It would
be immediatly accretive to their earnings. The only
problem I see is that Tyco likes taking companies with
troubled management, slashing overhead etc. These guys
already seem pretty lean. Look at what they were able to
do with Lucent division. They like turnarounds and
this isn't a turnaround. I've heard crazier rumours.
enter the WTO this year. The children on Capitol
Hill are too busy bickering with the slime ball in the
White House to get anything constructive done in time.
But the recent trade talks have been
But, today's volume sure was pathetic.