(LVLT) - Level 3 Communications Message Board

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Technology Stocks : (LVLT) - Level 3 Communications

LVLT 53.63

0.0%

Nov 1 5:00 PM EST

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To: zj who wrote (202)	3/5/1998 11:50:00 PM
From: Dog	Read Replies (4) of 3873

Regarding your Posting of: <<Maybe around 8 times book at 65? Anybody else?>> My calculations follow: Book value per share as of Jan.1 1997 =54.25 Adjust for 5/1 split 12/26/98 =10.85 Estimated earnings for 1997 =1.15 Book value 1/1/98 before CalEnergy Sale =12.00 Book value 3/1/98 after CalEnergy Sale =16.00 --------------------------------------------- 4x's book = $64 5x's Book = $80 6x's book = $96 7x's Book = $112 8x's book = $128 9x's Book = $144 10x's Book = $160 For Comparison Average S&P = 3.4 Qwest = 21 Based on BV/share of 1.71 and price of 35.94 -------------------------- My guess is between 7 to 10 times book value for Kiewit Some internet stocks are selling for multiples of revenues!!! Let's assume that KIWT is worth just half of what qwest is. This would still get you a 10 to 11 times book or $160 to $176. My analysis assumes that no IPO happens. If it does, then the dilution effect would only further raise the book value of all outstanding shares. This thing has plenty of leg left even at 64 but the window of oppurtunity gets smaller each day with the increases it has been having. Just get in before they announce the 3 for 1 split. Then watch this sucker soar!

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