SMIT (Schmitt Inds)likely to post 400% earnings gain YoY Message Board

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Technology Stocks : SMIT (Schmitt Inds)likely to post 400% earnings gain YoY

SMIT 0.0155

+3.3%

Oct 14 2:00 PM EST

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To: PuddleGlum who wrote (169)	6/4/1997 11:43:00 AM
From: Larry Fahy	of 276

Steve, Where did you hear $0.85? From their PR "Schmitt estimates its FY'97 earnings to be approximately $.26 per share, a 62% increase over FY-96 earnings of $.16 per share." Remember FY-96 ended May 97. Current P/E is at 58 (trailing 96) 38 (forward 97) If the 58 P/E holds SMIT should trade at 15. Is my math right? Larry

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