Y2K (Year 2000) Stocks: An Investment Discussion Message Board

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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

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To: paul e thomas who wrote (13179)	10/31/1998 8:48:00 PM
From: paul e thomas	Read Replies (1) of 13949

FURTHER COMMENTS ON PERFORMANCE I looked at PEG values for SYNT and the 5 other Y2K service companies based on 1999 earnings estimtes and both the % earnings growth in 1999 over 1998 and the 3-5 year long term growth rates.Since SYNT 1999 earnings are forecast to grow only 12% in 1999 the PEG is 1.7 based on 98-99 growth. This compares to a range of .52-.80 for IMRS,MAST,CBR,CBSI,and KEA.SYNT has the lowest forecast 3-5 year earnings growth rate at 30% per year as compared to 35%-40%.The fall in price of SYNT does therefore appear to be simply due to Analyst downgrades.Based upon this work I believe it is unlikely IMRS prices will go above 25$ next week if earnings beat Analyst forecasts by 2 cents for the quarter.

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