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Avid Technology, Inc. Message Board

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  • walt_hamm walt_hamm Jan 30, 2003 6:10 PM Flag

    Earnings tonight!

    i think your comment is absurd. it was way overvalued before when consensus was .59. Now it is overvalued, just not as much. $20/.80 = 25x PE multiple.

    In order to justify such a steep multiple, market has got to believe that this thing is going to grow at a rapid clip for the forseeable future. That is probably what most retail guys believe, but smart money on this one is short. It should trade down to a 15-17x multiple on .80 or $12-$14. I think it will get the pop in the morning, then new shorts will come in and we will be in the mid teens in a couple of weeks.

 
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