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Strategies & Market Trends : Undervalued Stocks = Low P/E to Growth Ratios

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To: Mason Barge who wrote (166)	9/14/1997 10:26:00 AM
From: Robert T. Quasius	of 297

Sometimes the best time to buy a stock is when the blood is running in the streets, but the story really hasn't changed much. The numbers for CTYS look very good, with a P/E of 5.4 and a long term growth rate of 21% (according to Zacks). I passed up CTYS some time back when the price was over 30, too pricy relative to earnings growth for the amount of risk. I invested in a similar finance company called RAC Financial (now called FirstPlus) when the blood was running in the streets over the Mercury Finance fiasco. I bought in at $22/share after it dropped from the mid-30s. Now at $48, my target is $100 based upon spectacular earnings growth and fundamentals. This company is perhaps a little more solid than CTYS, but also now pricier. I think that CTYS may very well do likewise, once all of the bad publicity about the Times article dies down. The recent lending law changes in the U.S. may have a slight negative impact on CTYS earnings, but the basic story hasn't changed as far as I can tell. I'm now seriously interested in buying CTYS at current prices. I will probably jump in next week.

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