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Technology Stocks : LARSCOM......A Less Risky IPO (LARS)

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To: Land Shark who wrote (765)3/23/1998 6:53:00 PM
From: Andy H  Read Replies (1) of 990
 
I did indeed see those blocks: probably one 250K block, printed at 8.625 and 8.6875 (the first trade was the 8.625-hope that was not the true trade). Hope it is a buyer, but I have no idea.

The PEG ratio is not helpful here, since 98 estimates are $.49, about the same 1997 actual. 1999 estimates are $.78, but that is so speculative for a small company like this. Remember, last year the estimates were $.80 for 1998! LARS has not shown any material growth since it has been public-running $.13-.14 per quarter at best. This stock won't move much unless the company proves it can earn in excess of $.15 per share per quarter consistently and continue to grow from there.
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