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Technology Stocks : FDC : First Data Corp
FDC 31.690.0%Aug 5 5:00 PM EST

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To: Brian C who wrote (2)1/24/1997 5:02:00 PM
From: Uncle Mikey   of 323
 
FDC's price action has been very weak recently. I bought at $38 so anything south of that is weak to me. With 1997 earnings estimated at $1.65 (valueline) and a 5 year growth rate of 22.5% I would normally rate the stock as fairly valued around $37.00. But with the high growth industry that it is in, and the high quality of the company (A+ financial strength) I think the market would probably give it a higher multiple.

As you probably know it's 12 month high was $44. Earlier this week Salomon Bros named it as one of their top global stock picks for 1997.
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