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Technology Stocks : CPCI - great earning , BARRON's suggest

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To: Mr. Jens Tingleff who wrote (479)1/28/1998 3:04:00 PM
From: Aaron Cooperband  Read Replies (1) of 586
 
Jens -

Re: PE

Before CPCI's conference call, earnings estimates were for about $0.90/share in FY98. Since the S&P is trading around a 19 P/E, I don't think its unreasonable to expect the same for CPCI. This yields a price around 18. Other people on this thread have also given this number as a "fair" price for CPCI.

With sales increasing by 50% in H2, we should be able to bump this by 50% to 27.

If management's bullish expectations for Oil&Gas and Satellite market growth are realized, then there is more room still.

Needless to say, I am bullish on the stock at today's price.

Aaron
(long CPCI)
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