Wal-Mart Message Board - Msg: 1961967

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Non-Tech : Wal-Mart

WMT 102.49

-0.1%

3:59 PM EST

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To: Ken Turetzky who wrote (244)	8/13/1997 11:11:00 AM
From: Leo Francis	of 1166

Some pretty big "IF'S": Our price target assumes WMT shares can sustain their current multiple of 22-23 times 12-month forward earnings. At $43, the shares would be trading at about 25 times our new 1998 EPS estimate of $1.74, a 30% premium to the market and 1.9 times our five-year growth-rate projection of 13%. All this for a target of less than 20% appreciation?

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