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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Street Walker who wrote (52364)7/23/1999 3:05:00 PM
From: Bo Didley  Read Replies (1) of 120523
 
Briefing.com NTBK $35-40 recovery

>>unlike most Net companies, NTBK remains profitable... Company expected to earn $0.15 for FY99 and $0.30 in FY00... Resulting p/e multiples of 181x and 90x confirm that the stock isn't cheap, but given long-term growth rate of 58%, we would argue that the stock isn't overly expensive either... Especially when you factor in takeover premium (NTBK oft mentioned as takeover candidate)... Technically, stock nearing key support in the 25-24 area... If this floor holds, look for NTBK to stage a solid near- to intermediate-term recovery to the 35-40 range. -- RW<<

Watch for End of Day recovery

bo
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