Here is the response from the 'Yahoo' thread:
It's the formula you used to make you're growth % that is incorrect, you take
the current physical years 4 quarters, and
compare them to the prior 4 quarters. IE 49,52,(46),(46)=$1.93 compared to
24,29,34,47=$1.30 1.93/1.30=1.48 or 48% growth for the
year. Next year is 2.28/1.93=1.17 or 17% growth. The formula that the old
timers hold near and dear is a P/E of 20 against the
earnings of the past 4 qrters, and the future 4 quarters averaged, for JBIL which
would be 1.92 or $38.40 per share the value today!
Here are some number to really open your eyes!
JBIL MSFT DELL
Price 33 5/16 89 1/2 67 3/4
2q ago earnings .49 .36 .35
Last q earnings .52 .43 .41
This q est .46 .44 .42
Next q est .46 .43 .43
2q forward .51 .44 .48
3q .56 .47 .53
4q .61 .52 .54
Although MSFT and DELL have a few things going for it that JBIL doesn't,
those numbers either show a company that is staggeringly undervalued, or 2 that
are astronomicly overvalued. JBIL announced record earnings of .52 cents last
quarter, and that the next two quarters would be flat, and it tanked nearly $7 a
share that day. MSFT announced record earnings of .43, and that the rest of
the years earnings would be flat, and it gapped up almost $5 that day. Figure
that one out!
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