Sergio
Everyone needs to focus on the longer term. You understand that better than anyone on the thread.
I'm longer than I've ever been...oops.. I mean, er...I have more shares than ever..there, that's better :-). I just wish I could buy more. My truck has flat tires <VBG> - I'm tapped out. Can't average down when I really want to.
I get the feeling that folks have been spoiled with short term successes on other stocks - I know that I have. Big short term successes are tough to call (lucky really), so we need to focus on the longer term fundamentals of the company and if we get lucky in the short term, so be it. LUNN and TPG look to be a pretty successful combination going forward.
With the previous earnings projections of .94 for 1997 for the combined company, and LUNN priced at 1.375, the multiple of Newco is 14-15 - low for the kind of growth that I believe LUNN will bring to the table (and hopefully inject into Newco). A multiple of 20 gives a price of almost $19.00, IN THE SHORT TERM, well beyond 13.75 (10 x 1.375). And if TPG has earnings of $4.5 MM, the price will be even higher.
Again, I urge everyone to focus on the long term, and to refer to the comprehensive LUNN reports put out 2-3 or so weeks back.
Now, if I can only find my tire pump.....
Ryvers |
