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Microcap & Penny Stocks : Teletek: Big Earnings About To Be Posted

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To: Michael Jordan who wrote (812)4/2/1996 10:49:00 PM
From: Roger Brown   of 1014
 
Nice design: One question though.

You suggest that CSCC and ASND are both overpriced. I don't have the exact numbers on CSCC yet i do on ASND. ASND for the past year grew in EPS 188%. The average PE this quarter from the low of $36.50 to an anticipated $55 on 4/16 is 176. The two numbers are pretty close I'd say. Another idea is that ASND has grown nicely every quarter and just had their largest growth (107%) from one quarter to the next (EPS) this past quarter.

On this point i would have to disagree that it is a high priced stock. A high priced stock in my opinion is a stock that has a PE much higher than EPS growth or anticipated EPS growth. ASND is right in line with an efficient market price. Should it be priced lower? Would $40 be fair for the present? I think if one looks at these data, it's easier to tell a high from a low priced stock.

Any comments?
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