QGLY - Tech Talk, Innuendo, & Anything Goes Message Board

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Biotech / Medical : QGLY - Tech Talk, Innuendo, & Anything Goes

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To: Bill Turk who wrote (2)	10/4/1997 5:27:00 PM
From: Louis Cornell	of 53

The $30-35 target is based on the assumption that by the time the winter sales start to come in, the market will conservatively value next year's earnings at 20-22X $1.50 per share. Now do I think we'll get more than that? Sure, eventually. But, in November all the winter sales info will not be known. If you ask what it might be by spring, I think the target for then is around $60. If you think I'm crazy, check back to this post in spring '98, and we'll have a laugh! regards, Louis

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