Growth And Value- LTXX
Growth- it may go up a bit, but I wouldn't expect much even if LTXX hits their guidence. Seems like the Semi sector and the Electronics manuracturing sector are running hand in hand with PEs of 6-7 going forward. This tells me that a hard landing is being speculated for the end of the year or beginning of 2007. The reality doesn't much matter either, just the speculation. That's why cyclicals are dangerous right now- any cyclicals at all. SMTX is my only pure cyclical I have left, and I'd love to see a rally to $3 or more, so I could get out. However, the more I keep seeing other stocks in the Semi and EMS sector get hit no matter what the earnings, the more I feel that a 6-7 PE is the most the street will give these stocks unless positive guidence is given into 2007 by these companies. Wade
