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Technology Stocks : MAPINFO: Any Thoughts
MAPS 0.825-1.1%Dec 31 3:59 PM EST

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To: Charlie Smith who wrote (184)12/1/1999 5:17:00 PM
From: Elvis Jones  Read Replies (1) of 225
 
I decided to review my projections for MAPS.

Zacks has MAPS estimated at $1.35 for 2001 with a 5-year growth rate of 27.5%. 27.5 x $1.35 = 37.125. So, I'll project MAPS as a $35-37 stock in the next 12-18 months.

The PE (before today) was 32.05. Which makes a lower PE more reasonable to expect. Which make MAPS (even at $26) look like there is upside.

Also, I target fundamental support at just over $20/share. Barring something drastic, we shouldn't see the teens again.

Happily Long MAPS,
Duke
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