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Non-Tech : Balance Bar
BBAR 16.65-3.1%11:58 AM EST

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To: Vegas who wrote (30)9/27/1998 7:35:00 AM
From: Tom Pulley  Read Replies (1) of 49
 
JF, To me the price movement of the stock still looks like market related movement of a very small high PE stock with a high beta. There is no indication that they are not going to meet the analyst's estimates so to forecast this stock short term, you probably need to forecast the market. For the year 2000, if all goes on track assuming earnings growth of 35%.........., earnings would be $.75 and with a PE of 35 the stock would be at 26. I read somewhere the nutrition bar market is growing 40% and I believe Balance Bar is/will increase market share plus add new products, so the above assumptions are reasonable or conservative.

That's my stab at your question.

Tom
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