Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: Richard S. Schoenstadt who wrote (2232)	12/29/1996 11:01:00 AM
From: riverrun	of 18263

You said "For example if Zitl made 28 million that would easily justify the current price at a pe of 30." And, "Consider that Presstek which also had only 14 million or so shares went as high as 200. Admittedly it is now only 75." 1) After 2000 why would anyone pay 30 times "past" earnings? A high multiple like 30 is for GREAT "future" earnings. 2) ZITL holds only a 35% percent stake. Therefore, I believe if you are going to compare it with Presstek, you should factor this in. ie Take the current price and / by .35 and you are already looking at a 175! By the way, I currently don't have any shares -- long or short. Enjoy!

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