Ananlyst at Kaufman basing his target of 38.00 on a number of things not the least of which is a "steep" growth in revenues $103,158,000 for FY 99, to $353,168,000 in FY 00, then his projections go to $813,953,00 in FY 01,$1,505,102,000 in FY 02. He projects all the way out to 2007, when he targets revenue to be $3,591,168,000. Pretty serious growth. The report is about 7 pages so there is more to his target price than just revenues. So if CYOE does what he thinks they can do this looks like a 4 or 5 bagger, in the next couple of years.
FYI Kaufman from what I hear has about 500 institutional clients. I don't know if thats true, but if its even half that, could produce some serious interest in the stock. |
