CTEC: Cholestech any other investors? Message Board

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Biotech / Medical : CTEC: Cholestech any other investors?

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To: Alan C. Zezula who wrote (678)	8/25/1999 11:11:00 PM
From: Duane L. Olson	Read Replies (2) of 710

Al, "CTEC Earnings Estimate Raised 57%" (!!) We are getting some CTEC research updates, I notice as I return from the traveling game. The good news is that the estimated earnings for CTEC through the March 00 quarter are now raised to $.30 from the previous $.19, at least on the Yahoo Finance site. Also good news is that this is a fresh estimate by a different analyst -- somebody must have actually visited the company and done a little "DD" before posting. The bad news is that the projected growth rate for CTEC over the following five years has now been cut to 25% from 50%. However, we must agree that is a more believable target than the previous one, wouldn't we? And this one might conceivably be exceeded--hopefully? Anyway the new stock price target, five years out, at a PE of 30, is moved to 27, or 369% above the current price of 5 3/4. Any current thoughts on the market? tso

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