Answer Think (ANSR) Message Board

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Technology Stocks : Answer Think (ANSR)

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To: Harold who wrote (38)	1/6/1999 2:36:00 PM
From: Wizard	Read Replies (1) of 55

ANSR's management is from KPMG and is now allowed (as of Jan 1, 1999) to go after old KPMG clients. This was known but makes for a nice story. The current estimate for ANSR in 1999 is $.49 but they should do closer to $.60 (maybe low $.60's). Estimates for 2000 won't come out until after ANSR reports the Dec qtr (in a few weeks). That number should start in the low-mid $.70's. That will likely slowly move up more towards $.90 (as analysts raise estimates $.05+ each quarter). I value ANSR at 40-50x earnings so I think it is worth about $30 now and $40-45 in a year. I think the market will have a correction before 2000 numbers get entirely discounted so it doesn't look like a great buy near $30. You never know though with momentum investors. Net net, its a great company and an expensive stock but if the market has a big move from here I wouldn't be surprised to see the stock in the high $30's then correct. I would rather own other things right now but I am confident ANSR will have a multi-billion dollar valuation in a few years.

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