U S FILTER (USF) A Water Stock ! Message Board

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Non-Tech : U S FILTER (USF) A Water Stock !

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To: Steve Childs who wrote (126)	11/4/1997 8:35:00 PM
From: douglas scott goldstein	Read Replies (1) of 361

Wow, 40X P/E on USF! I think that's streching it. There was an analyst meeting in Chicago today. Supposedly it was quite upbeat (the company has a billion dollars in the acquisition pipeline)- however, they did warn analysts that they will be coming in on the lower end of the $0.25-$0.35 estimate for the quarter. This is one of the main reasons for the weakness today and yesterday. Operations remain quite good however, and I'm starting to think that this stock is looking quite juicy as it nears the $30 region. My only cause for hesistance right now is the stock market itself. In terms of placing price targets on USF- I'd look more for a FY '99 P/E of around 28X or 30X the FY '99 $1.75 estimate, pushing the price into the low $50s region. I'm thinking a buy at these levels though- esp. on the recent price weakness- and most analysts agree. I'll let you know what the full reaction to the meeting was tomorrow. Of course, the price action tomorrow will probably make this quite evident. DG

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