PSFT - 1997 Outlook [closed thread] Message Board

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Technology Stocks : PSFT - 1997 Outlook [closed thread]

PSFT 0.0001000

0.0%

Oct 29 5:00 PM EST

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To: Melissa McAuliffe who wrote (747)	1/18/1998 11:03:00 PM
From: Chuzzlewit	Read Replies (2) of 940

Hi, Melissa. Nope, they're using post-split prices (they quote the current price at $34). They don't say what time-frame they use for a target price. Also, it's a mistake to assume steady growth over the next five years. It's probably more reasonable to assume a steadily lowering growth that will average 50% over the next five years. I'm guessing we will see at least 75% growth year over year for '98. I think $.58 is too low, because from everything I've seen it looks like we can expect growth of about 75%, which implies earnings of about $.70-.75. But even here, it's hard to imagine why the stock should trade at over 100x trailing earnings. Regards, Paul

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