I appreciate your effort - and I didnt expect you to be able to put that much time into the answer during the middle of the day. Your logic is much more clear to me now, except that I insist upon figuring no more weeks than 50/year (<<G>>)- c'mon Christmas and Thanksgiving week? (It's relatively unimportant anyway, 2 wks. +/-)...and I think the industry standard of a multiple of 50 is very high. How do you come to that multiple?
Agreed, 89% return is a very good return IF everything goes OK, IF Y2k doesnt mess everything up, IF competition doesnt come in and ruin their breadbasket, etc. etc. Clearly other factors put pressure on stock price. e.g., today the falling Dow counteracted SOME of the upward pressure for PLC on its good news. For a moment there was a b/a of 20 x 25. Had the market correction not happened at this moment, I believe all of our projections for the open and run would have come to pass. Had the approval happened LAST week, we would have seen everyones positive projections be truth, imo. What also did NOT happen, was there was not a 50% pullback, as was also prophesized by some. I think this was a good sign.
BTW, PLC is still being mentioned on CNBC, not for its approval but for closing up 5+ pts when Humpty Dumpty was having his big fall.
Thanks again for all your tremendous effort. I printed it out to study and save.
Charger |
