Software Artistry (SWRT) Message Board

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Technology Stocks : Software Artistry (SWRT)

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To: Chorizo who wrote (6)	6/17/1997 8:06:00 PM
From: Mike Buckley	of 44

>> I believe this could be a $30 dollar stock this year, but is there enough support. << Chorizo, I'm looking for $30 in 1998, not this year. Natuirally, if momentum investors take over and if it gets better coverage by brokerage firms the stock could go higher, but I wouldn't plan on it as much as I would like it to happen. A $30 price tag would be about 35 times currently estimated FY98 earnings. Assuming 50% growth at that point in time insteadof the current 70% +, a PE of 35 would be a reasonable discount that accounts for the required strong fourth quarter that adds an element of risk. Just my thoughts. Stay in touch. (And watch Scopus. It might actually become attratively priced if the price continues its downdraft.)

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