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Strategies & Market Trends : Steve's Channelling Thread

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To: orkrious who wrote (3480)	7/23/2000 12:39:04 PM
From: Zeev Hed	Read Replies (1) of 30051

Jay, now I have the low $40 as the "worst case scenario", and that is based on my forecast of $2.12/share over the next four quarters ($.42, $.50, $.58 and $.62) and a bear market PE of 20 on trailing earnings. You got to understand, that like CYMI two years ago (my "low forecast was $13 and it got to half that much), in a lousy bear market, doubts as to future earnings (and possible pressure on margins due to over capacity) can easily cause a breach of this "worst case". From here to the election, I would be surprised if SNDK does worst than a short term breach of $60, but, I have been wrong before. Zeev

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