PPD (Pre-paid Legal Services) on the move Message Board

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Non-Tech : PPD (Pre-paid Legal Services) on the move

PPD 47.28

0.0%

Dec 8 4:00 PM EST

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To: Shane Miller who wrote (621)	4/15/1998 5:04:00 PM
From: Randal Andrews	Read Replies (1) of 801

How did you compute .91? If PPD maintains a 44% growth rate then 1998 earnings should by $1.19 per share. (1997 earnings .83 x 1.44). Then a PE of 44 puts the stock price target at 52 3/8. However, I don't know that a growth rate of 44% (and declining) justifies a PE of 44. PPD is a heavily shorted stock with almost 8 trading days' average volume sold by short sellers. That and the buying of enthusiastic, new associates, may provide the demand to propel the stock higher.

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