International FiberCom, Inc. (NASDAQ- IFCI) Message Board

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Technology Stocks : International FiberCom, Inc. (NASDAQ- IFCI)

IFCI 0.0600

0.0%

Jun 7 5:00 PM EST

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To: Elroy who wrote (2729)	7/3/1999 1:04:00 AM
From: Chris Helton	Read Replies (2) of 3541

why don't we wait until the second half to buy the stock? 1) we are in the second half already, 2) the qtr is over and is past info, 3) stocks always look ahead, not behind. Re this management disappointing analysts. I'd say, $.25/sh in 1997 going to $.43/sh in 1998, then going on to $.56/sh in 1999, then going to $.84/sh in 2000 is not disappointing investors. This company has delivered shareholder increased value. The only thing we are quibbling about is what to pay for it. I say 15X current year's eps is very cheap when the market sells in the high 20s (27X). You also need to look at "comparables" to figure out what to pay. Other companies in the same industry (e.g. DY) sell at much higher multiples than the S&P 500. This one will too eventually. Investors buy the future, not the past. IFCI will participate in the build-out of the fiber system in this country and for a while (5-10 years) will experience growth that is faster than the average good company's 10-12% growth.

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