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Applied Materials, Inc. Message Board

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  • neilpatel neilpatel Oct 25, 1997 1:54 AM Flag

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    Just about 18 months ago, AMAT was in trouble. It dropped from around $45 to $21. AMAT goes through this cycle every couple of years.

    AMAT is one of the best managed companies, I think everyone should own some. However, I still believe its still too expensive (I probably am the only one out there).

    Don't pay more than a P/E ratio of more than 25 with respect to current earnings. I never believed analyst when they expected earnings to almost double in one year, especially a large company like AMAT. Remember AMAT is still a high flyer stock and when it comes down, it comes down hard. Just look at its past.

    AMAT is a great company, but I honestly feel it will go down to $25, before it moves up nicely.

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    • take your pick: 18months ago or 3 years, the IC
      industry has been in oversupply...leading fabs are now all
      FULL. They need more capacity and hence, AMAT
      equipment. The cycle is just starting into full swing. This
      is a feast/famine industry. It's the
      capacity/investment cycle to look at not just where was an IC stock
      priced last year. Prev, the only full fabs were at
      Intel,; now only the bottom tier has idle fabs. (take a
      look at Ti stock...a little momentum happening there,
      it'll happen at AMAT).

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