Sorry to "boor" you, JDN. <g>
Sure, the Quicken calculation used the sector's ten-year-growth rate (16%), and a 15% discount, to reach the low ball price of $31. The highest price - $117.84 (Such exactitude!) -- can be obtained by using the company's own 5-year growth rate (33%), leaving the discount at 15%.
But even that is lower than the present price.
Are you suggesting that EMC's 'richness,' if we may call it that, is not/should not be a concern for prospective buyers? Ruettgers apparently does not agree with you,since he addresses the issue head-on in the Dow Jones item posted here. He points out that EMC's growth rate accelerated this past quarter, and indicates that he expects it to continue to accelerate, thus justifying a higher share price. He may be right; as a shareholder, I certainly hope so.
As for raising such "boorish" questions in the first place, may I point out that the title of this thread -- EMC: How high can it go? -- encourages one to do so.
jbe |
