Disciplined Investing, especially the NAIC way Message Board

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Strategies & Market Trends : Disciplined Investing, especially the NAIC way

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To: EL KABONG!!! who wrote (462)	4/15/2004 4:04:09 PM
From: - with a K	of 469

ACS Yahoo post: From Goldman Sachs by: moralcare 04/15/04 02:09 pm Msg: 4777 of 4777 Case for outperformance of Affiliated Computer Services shares strengthening 04/15/04 8:05am ET We reiterate our Outperform rating on Affiliated Computer Services, Inc. (OP/A) within the context of an Attractive coverage view and see the shares as the most attractive in our coverage universe. Although they have performed well recently, we believe that the shares could be poised to break out of their trading range for the following reasons: We estimate the company's earnings power for fiscal 2005 at roughly $3.20, considerably above the $3.06 consensus estimate. The shares should benefit as estimates rise. Recent contract signings are sufficient to meet near-term estimates, with better renewal rates and lower price concessions on renewals adding an extra boost. Bookings growth should return to positive territory in the current June quarter, helping investor sentiment. The problem contracts in Georgia and Florida aren't hurting bookings as some feared, with the company announcing new wins in similar areas in recent weeks. An expansion in the share buyback could add $0.04 to as much as $0.20 to fiscal-2005 EPS. The P/E is 15% below the historical average.

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