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Strategies & Market Trends : India Coffee House

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To: Senor VS who wrote (2827)	10/12/1998 10:09:00 AM
From: Mohan Marette	Read Replies (3) of 12475

Ravi: Did you say you had some i2 if so don't worry it looks like the stock is coming back nicely.I did pick up some shares of i2 when the markets tanked big time on the 7th last week paid close to $11.00,could have picked up for $9 5/8th but I wasn't fast enough I suppose. The stock is trading up + 2 1/4 this morning thus far at $15 3/8th. If Sanjiv Sidhu could meet earnings of $0.09/share or better it by a penny and if he can come up with a better outlook (than the last time) for the future I won't surprised if the stock goes above $20.00 very soon.If they disappoint with gloomy outlook then all bets are off. BTW Prudential came out with a 'strong buy' last week on the stock. In my estimation based on a forward P/E of 26 and an estimated growth rate of 50% for the the next 3 years i2 should be worth at least $25.00 to $29.00 and this without any premium.Of course I could be wrong as usual but I thought I let you know my thoughts on it. I want to get some more before the earnings but I haven't made up my mind yet.

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