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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: JZGalt who wrote (8209)	12/13/1999 8:51:00 AM
From: JZGalt	Read Replies (2) of 18928

NITE update. Looks like NITE has gone from cheap to "fair value" according to August 13th calculation, but this is a good example of how fair value changes. Before the projected growth rate was 30%, now it is only 25.5%. $1.85 was the projected 12 month earnings estimate, but now that has been revised downward to $1.52. Consequently "fair value" 25.5 * $1.52 = $38.76 "cheap" = $27.86 My cost is $36 and the stock is trading well up from that point, but this is a good illustratation of how "fair value" moves against your position sometimes. Currently trading with a price near $54, NITE would fall into my overvalued area and be liable for pruning when and if the stock stops rising. ---- Dave

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