rise - drop - new highs - drop - new highs
Sometimes D(emand)/S(upply) ratio are more important than P/E.There are huge demands for JDSU business, there are huge demand for JDSU stocks.
What was Netflix's P/E when that rise in price was taking place?Their current P/E is around 80.
our forward PE is better than netflix. The thing with JDSU they just reached the point where any money they make goes right to the bottom line. This means earnings growth is exponential to what they sell.
We will see new highs all year in 2011 for JDSU.
$100 for JDSU very soon
Netflix's business will benefit and depend on JDSU a lot