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Technology Stocks : Spectrian Co. (SPCT)
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To: Sonny Blue who wrote (594)10/30/1997 9:50:00 PM
From: TimmFred  Read Replies (1) of 738
 
Am I correct that at the current price, if we factor out over eight dollars per share cash, a current buyer pays about $16 for an earnings flow of about $2 per year. This is the equivalent of a twelve and a half per cent bond even if future earnings growth were 0%.
Given that no one, as I understand it, believes that future earnings will be flat, doesn't this have to be a great bargain here?
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