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Non-Tech : Vans Inc. BIG HUMONGOUS Earnings jump.

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To: Feraldo who wrote ()9/5/1997 3:23:00 PM
From: DJ Levy   of 403
 
Mean consensus earnings:

I/B/E/S Earnings estimates (May Yr. End)
1996 .40 Actual
1997 .76 Actual
1998 .94 Est +23% estimated (7 brokerages)
1999 1.16 Est +23% estimated (1 brokerage -Ladenberg Thalman)

Trailing p/e is only 17.6
If you give them a modest 18 p/e, even though they are suggested to
grow 20%+, on a midpoint of earnings $1.05=(.92+1.16)/2,
you would end of with a stock upwards of $18+.

Todays move to 13.1/2 (5%+) could be a solidification of
these possibilites and an increased awareness of the story
or a confirmation of execution of the corporate plan.

Any comments?
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