Marty, thanks for your words of welcome. And to all, I'd like to tell you about a stock I think is great and has great potential.
Currently, as of today, 8-1-98. This stock, having been evaluated by 15 brokers, give it a 2.1 "Buy" rating. In the last five years, it has enjoyed 68% growth, and has an estimated long-term growth estimate of 35%, a high estimate of 45%. According to it's current Company P/E ratio this stock's price is estimated at or near 8.82 a share. Of course, this P/E ratio is determined by its current price divided by its 1998 estimated EPS.
The P/E ratio for this Company's Industry is currently at 40. I was advised by a more experienced investor to use the Industry P/E ratio to estimate the stock's proper current price. This then gives a price per share for 1998 of 19.60 more than double its current estimated price. It's 1999 price per share would be estimated at 26.80.
This Company's Assets exceed Liabilities by 3 to 1 and no long-term debt. They are one of the leading companies in a relatively new industry, with a promise of continued leadership in this industry.
Would you buy this Company's stock? I did, would and will again.
It's Harbinger.
Hutch |
