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Technology Stocks : Microdyne (MCDY)
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To: Sunny Span who wrote (203)5/30/1997 7:49:00 PM
From: Walter F. Rauch   of 414
 
earnings for current quarter should be out around July 22nd.
estimates are about $ 0.11. For the fiscal year it is $ 0.44. If you calculate those earnings with a P/E=25, which is quite common for a company like MCDY, you would get

Price = 25 * 0.44 $ = $ 11

I think the current mangement with the new man will do everything to beat this estimate. The new (our) man still has to prove himself. Meanwhile I lean back and look forward!

Regards

WR
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