Intel Corp (INTC)

[Tenchu]

COMMON, if you want to cite facts to back up your bearishness, you might want to make sure your facts are accurate.

INTC was trading between 52 and 63 in the month of May 2000:

http://table.finance.yahoo.com/d?a=4&b=1&c=2000&d=4&e=31&f=2000&g=d&s=in...

INTC EPS for the trailing twelve months was as follows (all split-adjusted):

Q1 2000: $0.44 ($0.39 including acquisition costs)
Q4 1999: $0.34 ($0.30 including acquisition costs)
Q3 1999: $0.28 ($0.21 including acquisition costs)
Q2 1999: $0.26
EPS (TTM as of May 2000): $1.32 ($1.16 including acquisition costs)

http://www.intel.com/pressroom/archive/releases/cn071399.htm

Sooooo ... INTC was trading as a TTM P/E ratio between 39 and 54, depending on how you munge the numbers.

Right now, INTC is trading at a TTM P/E ratio of 53.25. Overvalued? Perhaps, but you thought INTC was also overvalued at a P/E ratio of 45. And yes, even 35.

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