Undervalued Stocks = Low P/E to Growth Ratios Message Board

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

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To: John Liu who wrote ()	8/27/1997 11:15:00 PM
From: HeyRainier	of 297

I would like to submit Equinox Systems(EQNX): An excerpt from the EQNX thread I posted(the growth numbers have been revised upward): ...Mangement's commitment to shareholder value is evident through the continued stock buybacks(1 million shares out of 3.7 millions shares outstanding!). Their priorities are also evident through the balance sheet strength, with 0% debt, 5.17 current ratio, and $4.08 cash per share. EQNX tends to meet and/or beat expectations. They have not disappointed in the 7 previous quarters that I can see. Earnings have progressed nicely since 1995(over 70% in 1996), and is projected to grow 29.7% for the next 7 quarters. With earnings of $0.71 per share, EQNX at a multiple of 25 times earnings(to roughly correspond to the 29.5% projected growth) implies a "fair value" of $17 3/4. At today's close of $10 1/4, that represents a premium of 73.2%. Enjoy, Rainier

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