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Technology Stocks : PSFT - 1997 Outlook [closed thread]
PSFT 0.00010000.0%Oct 29 5:00 PM EST
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To: Melissa McAuliffe who wrote (698)1/9/1998 4:13:00 PM
From: Pete  Read Replies (3) of 940
 
I don't think the price is reasonable until it hits $25. Here is my analysis:

EPS 97 = 0.41
EPS 98 = 0.59
EPS Growth = 43.9%

Assume a P/E ratio of 43.9 also,

Price 97 = 0.41 * 43.9 = $18
Price 98 = 0.59 * 43.9 = $25.9

I may be wrong. Time will tell.
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