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Strategies & Market Trends : Group Therapy

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To: TRINDY who wrote (2347)9/14/2000 12:59:49 AM
From: Duane L. Olson  Read Replies (1) of 4564
 
T-- EFNT is one I follow, and am looking for an entry point.The Sept quarter is the point at which reported earnings should reach breakeven (perhaps a breakout to the upside if they actually go positive?). Analysts are projecting earnings of aboutg $2.75/share for next year, with a continuing growth rate of 40%/year. If EFNT were to hit their numbers, and move to sell at a PE commensurate with their growth rate, we would be looking at a price of about 110 for next year... As for the entry point -- well, like Zeev says : "who knows"? -- any thoughts?
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