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Strategies & Market Trends : Three Amigos Stock Thread

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To: Cary C who wrote (10303)11/17/1998 6:13:00 PM
From: Amigo Mike  Read Replies (3) of 29382
 
Hi Amigo,

CNGR looking pretty good right here.

As of July 31st, it appears the Book Value was around 4.02. But by my calculation based on the recent surge in INKT ..... the current BV is in the 6.10 range.

In addition, I would expect CNGR to earn ~.36 to .40 for FY 1999. At current prices we have a forward PE of ~12 for FY 99 ending April 30, 1999. Based on the internet investment and strong leverage of capital from the acquired companies .... CNGR is undervalued.

CNGR should be $8 - 10 stock now.

Amigo Mike
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