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Technology Stocks : Cognicase (COGI, T.COG) - Integrated IT Solutions
COGI 4.550+8.3%Jul 18 5:00 PM EST

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To: luce who wrote (435)7/20/1998 10:49:00 AM
From: Praxis  Read Replies (1) of 843
 
Well, I don't believe you even made an effort to figure this out yourself.
Taking out the cash per share: Divide total cash and equiv./total # shares outstanding. Now subtract this number from the mkt.price and you get the truer multiple calculation number relative to their shares.
I think with these numbers you can do the rest of the math yourself and arrive at a p/e(modified) of approx. 18

Also take a look at their customer list: Hewlett-Packard,3M,National Bank etc. + first half of 98 revs at 14.4 mil. I think you can agree that this growth is explosive considering 97 revs were 6.6 mil.
Plus strong buy recomm. by the leading analyst, from Groome, right now 12 months out I have a conservative target of $29./U.S.
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