A few comments about these figures:
>>COMS: BEAR STEARNS decreased estimate for long term EPS growth
from 30.00% to 20.00% per year on 05/29/98<<
Even if COMS can show a 20% profit growth in this earnings
report or next,...the price will be forced up considerably.
At the moment, Wall Street treats this stock as if it has
absolutely no future. Once a company starts getting back
on track, very often the earnings estimates are jacked up
which give a big boost to stock price.
That's why, when this stock gets it's legs again, some
people are going to make a killing. Lots of those
are investor's that have been given 'a gift' by Wall
Street - not by accident.
>>COMS: UBS SECURITIES has reiterated estimate for fiscal year
ending 05/98 of $0.75 on 06/22/98<<
This implies .23c tomorrow...I'll take it.
>>COMS: UBS SECURITIES has reiterated estimate for fiscal year
ending 05/99 of $1.27 on 06/22/98<<
This implies a 70% year over year growth. Even if analysts
stick with their 20% growth per year, the stock price
has to go up to compensate for the 70%.
Right now COMS is trading at P/E of 26./1.27 ~= 20.47 for
1999 which is extremely low p/e assuming 20% growth rate
and 5.75% or less bond rate.
Keep in mind, once COMS shows anywhere near a reasonable
future with steady income, these estimates will be
jacked up to the same magnitude going up, as they
were progressively butchered when lowered over the last
6 months. Also, keep in mind, that ANALysts will never
be able to get these numbers correct anyway, but they
will influence investing decisions. |
