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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Larry Brubaker who wrote (17005)12/14/1999 1:21:00 PM
From: Zeev Hed  Read Replies (1) of 27311
 
Larry, with the S&P at , I believe some PSR of 6, for a growth rate of at best 8% annually, I think that a PSR of 4 would be achievable, and since stock tend to become over valued just as they become undervalued (look at PROG selling almost at BOOK and PSR well under 1), I think that a target of $30 to $40 next year is not impossible. In my posts I should have stated PSR of 3 to 6, I missed the last part and apologize for it.

Zeev
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