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Post# of 704019
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langostino

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langostino

Re: jeffsaxx post# 583483

Monday, 03/03/2008 11:12:11 AM

Monday, March 03, 2008 11:12:11 AM

Post# of 704019
"it's both a value play and an earnings play"


Meaning ... it's overvalued and will continue to fall until it comes down to the level where fair value rests? Or ... it's going to sell off until it comes in line with the erosion in earnings it will see through this recession?

Or were you suggesting it's really undervalued, but that the market is just being irrational in selling it off in the $125-$130 range?
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