Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 201.29

+0.2%

3:59 PM EST

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To: tonyt who wrote (23595)	7/27/1998 9:16:00 PM
From: Andreas Helke	Read Replies (2) of 32384

If the $14.55 EPS in 2006 is even remotely correct than Ligand today is cheap at $20 and as you can easily deduct real cheap at $12. If we take a PE of 25 and a yearly discount of 30% the correct price for Ligand today would be $44.60. Even if we only reach half that earnings figure $20 would still be cheap because a stock that is able to go up 30% a year for 8 years in a row is simply a great investment. With a PE of 35 and a current stock price of $12 we have to go up 60%/year for 8 years to get the correct share price for $14.55 of earnings per share. If we get only 10% of those earnings we still have an acceptable investment. With a PE of 25 and a current price of $12 Ligand stock price will have to rise 15%/year. Andreas

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