Arrow-Magnolia International Inc. (ARWM) Message Board

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Non-Tech : Arrow-Magnolia International Inc. (ARWM)

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To: William Harvey who wrote ()	8/6/1998 6:59:00 PM
From: William Harvey	Read Replies (1) of 4

Latest earnings report: biz.yahoo.com Earnings for the first two quarters are up 55% over last year's first two quarters. For the last 5 quarters, they've flattened out so I'm thinking this fiscal year is going to end with earnings up 25% over last year. If you add this to the gain in earnings last year (20%) and the year before (43%) and find the average, we're pushing 30%/year. For a high growth company, it's not unusual to find the PE equal to the long range growth. PE = 30 and earnings equal $.58 projects a price of $17 3/8 for ARWM. Just a reminder where we might be heading. WH

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