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Non-Tech : SMARTFLEX ALSO MEMBER OF THE IOMG FAMILY

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To: Kent Sarikaya who wrote (302)7/17/1997 11:50:00 PM
From: Kent Sarikaya   of 558
 
Some Price Analysis:

Using the new estimate for next year of $1.25, industry average P/E of 24 and we end up at a price for next year at $30.

Another calculation: Zacks has this years EPS at -36.6% vrs. last years. They have next year vrs. this year at 95.5%

If we take 18 as the high and multiply with 63.4% (100-36.6) we get a share price of $11.41 roughly where we are today.
Now if we take 18 and multiply with 1.955 (next years gain) we get a share price of $35

$35 / $1.25 = 28 P/E

So basically we should be somewhere between $30 - $35 by the end of next year.

If we crank up the P/E to 40 (in case things get hot), and keep the $1.25 estimate for next year we get a $50 possible share price.

I have gone back and started reading all the old messages in this thread. Not so long ago, in one of the posts, I guess Al mentioned that in 6 months (by December 97) holders of shares in SFLX would be very happy. This is the jest from what I remember and not the actual words.

If we start getting the kind of moves to get on track with next years projections, I think we will all be happy.
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