Adaptec (ADPT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Adaptec (ADPT)

ADPT 18.51

+0.6%

Feb 3 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: slob who wrote (2465)	6/1/1998 11:50:00 AM
From: jelrod3	Read Replies (2) of 5944

FINDING THE BOTTOM... This is a revision to my post No. 2297 forecasting a bottom of around $13.75. ADPT has moved below it's average P/S ratio of 1.95, and is now at about 1.7. The 1993 low P/S ratio was 1.3. Using a conservative annualized revenue figure, it now appears that we could move down to about $9.08 per share. If a more optimistic revenue figure is used, the bottom is around $11.23. If we can get back to the long term average low P/S ratio of 1.95, the bottom should be about $13.63. Earnings for Q1 '99 are due out about July 24. My computer shows that First Call is looking for .20 for Q1 EPS. My thinking is that ADPT will miss this number (regretably) due to continued weakness in the Far East and declining revenues. So, all things considered, I think ADPT will hit $11.00 per share in the next 3 to 6 months.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next