SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Brite Voice (BVSI)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mark Willoughby who wrote (414)12/30/1998 10:50:00 PM
From: James B. Barnes  Read Replies (1) of 495
 
Here's the way I figure it. It's current PE based on eps the last four quarters is 23.4 ($7.25/.31). I think that's quite acceptable based on anticipated growth rate. If this year comes in at .39 and 1999 comes in at .56 then the growth rate will be 43.6%. Buying that at a current pe of 23.4 would seem to me to be a good value.

If this Q comes in at .13 and they book a gain of .75 to 1.00 on the recent sale of part of the company, than I figure the book value per share will go to $7.00 to $7.25. What a safety factor for current investors. Also, if companies are looking at acquiring BVSI, what a bargain, at current prices it costs them literally nothing for their business. (I don't mean we'd sell out at these prices, but even a $12.00 bid would only cost them a net $5.00 per share).

Sales/Price Ratio- The CFO said 1998 sales from continuing operations would probably be about $125 mil. Divide that by 12.4 mil. shares and you get a ratio of about $10.00 of sales per share. At a current price of $7.25 that's a SPR of .73. (I think that's right) I'd think a ratio of 1 to 1 would not be overpricing the stock which would suggest a current price of $10.00 per share. A year from now based on the CFO's sales estimates would yield a price of around $12.50 at a 1 to 1 ratio.

Criticism is welcome, I guess.

James
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News