Glen: PLEASE check my answers/comments for accuracy. He was going fast and I could have easily written something down incorrectly.
Greetings Mr. Miller:
Jonathan sounds knowledgeable and I completely agree with Glen. Mr. Thomas said the 500M is just an initial target, as was 45% share . He said that he sees no reason why the 500m number can't become 700m. As a matter of fact, he said, something very much like: "hell, all these top end numbers are not cast in stone, actually, we have no idea how far we can take this, but we will keep going as far as we want to,
-OR- until someone stops us, and we do not see anything on the horizon that will stop us".
M. This should make your weekend complete. Mr. Thomas said that by July 1,98 he expects the company to be larger than DeKalb. And, that the 500m threshold will be reached by December 98 (and my own comment - probably before that date). AND, that by July 1, 98 they will be a full two years ahead of plan/schedule.
So here is one for you. What is the ABTX PEG rate, as of today's close? Perhaps it might be useful to calculate what the dollar price of the stock must rise to before the peg rate rises to 65% and 75%.
Regards, Pete |
