I've probably been dismissed as a flagrant hypster by now. Should have posted more of the objective rationalle for my exitement.
I did a spreadsheet on revenues, EPS and outstanding shares last 5 qtrs, then graphed. Based on this & my reading of the recent pre-release, I believe .37 is likely.
Since measures such as PE, PSR, etc. are based on last 4 qtrs, I re-did PE & Price/Sales, replacing a qtr 4 96 (.17) with qtr4 97 (.37)
Assuming today's price, EQNX PE would drop from 22.2 to 17.2, and PSR from 2.47 to 2.27. 2.27, while > than the 2.00 threashold some value investors screen for, considering that: the profit margin after qtr4 will probably be at least 13, that year over year quarterly comparisons should continue to be great for at least qtrs 1&2,
coupled with a fairly bullish chart, I can say fairly objectively that the prospects of continued EPS and share price growth is good, and the downside is somewhat limited by the outstanding fundimentals. IMHO, Scott |
