YEEHAW CANDIDATES Message Board

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Strategies & Market Trends : YEEHAW CANDIDATES

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To: arnold silver who wrote (2769)	8/11/2003 4:50:27 PM
From: Sergio H	Read Replies (1) of 23958

Arnie, Ken explained his reasons for shorting this stock and I don't think Joe has posted an opinion as of yet. I could be wrong here, but this is how I see it. BLTI's ratios (from Yahoo): Price/Book (mrq*) 30.62 Price/Earnings (ttm) 56.22 Price/Sales (ttm) 6.52 BLTI is selling at very expensive multiples fueled by reported growth. This company is now seeking to restate earnings. Simply put, they want to take earnings they previously reported and report them now. If you reduce prior earnings, this makes the multiples that BLTI is selling at even higher. I am not sure how much higher because the Co. has not given any specifics, but I am certain that the restated earnings will result in a PE much higher than the growth rate.

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