TAVA Technologies (TAVA-NASDAQ) Message Board

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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Rick Bullotta who wrote (18959)	6/23/1998 9:01:00 AM
From: Alastair McIntosh	Read Replies (1) of 31646

Rick, thank you for your earnings estimates. As I perceive you (based on your history with TAVA) to be one of the more reasonable TAVA bulls I value your earnings projections. In my previous post Message 4917879 I made a quick valuation of TAVA. However, based on your earnings estimates I believe the Y2K portion of TAVA's valuation should only be $1.00 instead of $2.00. This would indicate a maximum valuation of $4.00 per share for TAVA. It is important to note that a one time earnings event like Y2K should only be assigned a multiple of 1 in computing a P/E ratio. Also, remember that every Y2K company has wonderful plans to leverage their Y2K work into grandiose business in the future. The reality in most cases will be just the opposite. The stock will plummet as investors realize that revenues and earnings will quickly fade. However, I believe that there is still enough hype surrounding TAVA and Y2K in general to run the price higher in the short term. I am waiting for one more run to the upside before the inevitable crash. Al

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