Replies to post #55727 on Zeev's Turnips Patch-No Politics (ZEEV)

[jrhana]

George Cole I hardly have words to express my appreciation for posting the Rhonda Brammer article about Fred Hickey. I had a good semi-intuitive feeling about everything he said, but it is extremely important to have objective back up for one's intuition.
I am going to subscribe to his newsletter. I have found a source to (I am sure) guide me and prepare me for years far in the future when I hope to plow my precious metal profits into fledgling future technology type companies.

I am sure that these will be new companies in new almost unimagined terrains and that most do not even exist today.

I hope that with this very credible article, some (at least) can see that Richard Russell's prediciton of a return to a one to one Dow/Gold Ratio is perhaps not so farfetched after all.

BTW who is Rhonda Bremmer and where was the article published?

Again thanks.

[lurqer]

Although this is a turnip thread, how about some entrails? He's a little verbose, but (IMO) worth the effort.

http://www.zealllc.com/2002/autopsy.htm

lurqer

[mlsoft]

George....

Thanks for the great post with the views of Fred Hickey. I could not agree more with him (he is saying exactly what I have been arguing for a long time) and hope that everyone on this board reads the post. I have had the pleasure of reading a few of Hickey's commentaries over the past year and he is one of the very few that I find compelling in his analysis - if I were to ever break down and subscribe to a newsletter, it would be his.

Thanks again.

mlsoft

[brightness]

IMHO the author is perhaps making the same mistake that pundits in spring 2000 made. Back then, they proclaimed AMAT to be a great value because its P/E was in the lower single digits. What they all have missed is that in a cyclical industry, stock price leads rear-looking reports, therefore, high P/E means a rising reported numbers down the road, and low P/E means a declining set of numbers down the road.

[Train Guy]

Wow, 10 cents on the dollar.

--According to Steve Sanghi, chief exec of Microchip Technology, a maker of microcontrollers, there are no fewer than 59 semiconductor fabs up for sale worldwide. And Sanghi should know because he just bought one from Fujitsu -- a factory in Gresham, Ore., that was in "pristine" condition and replete with $2 billion of equipment. The price tag -- an incredible $183 million. Man, talk about fire sales! --

[Smart_Money]

I agree with the article. I remember the conference call of INTEL a few quarters back. They were piling money into fabs predicting a sharp rebound saying "we will be ready". I was thinking at the time... INTC better hope the market turns around or ELSE. Thanks for the posting the article. I think Fred is right on.