Reliability Inc (REAL) Message Board

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Technology Stocks : Reliability Inc (REAL)

REAL 16.55

+1.3%

1:08 PM EST

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To: Woodchuck who wrote (51)	6/11/1997 10:05:00 AM
From: Christopher Brainard	of 542

Woodchuck, Forward PE is the price earning ratio based on EXPECTED earnings as apposed to current earnings. REAL has $1.16 in earnings in the bank: PE = $16/$1.16 = 13.8 Estimated earnings (forward looking) is $1.60 resulting in a forward PE of $16/$1.60 = 10. An interesting thing to consider, if the company earnings (net income) for the next three quarters is exactly the same as the income earned the previous year (ie. no growth), given the stock buyback of 30% of outstanding shares, 1997 full year earnings would be $1.56. My guess is that actual earnings will be WELL IN EXCESS of the current estimates (IMHO) Best of luck with your investments. Chris ...

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