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Technology Stocks : Modem Media . Poppe Tyson (Nasdaq: MMPT)

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To: speedbird who wrote (231)2/7/1999 6:37:00 PM
From: rassle  Read Replies (1) of 821
 
The simple thing to do is to go to the S-1 filings on Edgar and you could easily see that the number of shares outstanding is ~ 10.5 M. Given the ~ $ 45 current price, the current valuation is ~ $ 473 M. If you compare this valuation to both DCLK and TFSM, and apply a multiple of sales approach (using ~ 20 x sales, which is ~ what these companies are being valued and, incidentally, the same multiple as many new media/internet cos.), you find that this stock could easily double in price from $ 45. My guess is that it will overshoot $ 90 and then settle back down in the 80 to 100 range. IMO. Good luck tomorrow.
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