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Technology Stocks : SHRP: The Sharper Image, Profitable making $ on Internet!

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To: Sober who wrote (213)2/11/1999 6:24:00 AM
From: JOFLY  Read Replies (1) of 353
 
It looks like that the good news are meaning fire for SHRP. As you say they have x 6.5 times earnings increase in 98 compared to 97 and the stock is priced from its lows of a range from $2,5 between $13 -16 which is like a low end of 5.5 to 6 times of the multiple 52 week low price. Take the P/E of 60 at the highs of the stock and now about 40 at the recent low, it is priced like a "real company". Their core business is not to develop the Internet as such as others which have P/E's of 600 and soforth.

The stock advanced from the 52 week price lows tenfold to the high. Will it be treated like a Internet stock, than it should go higher because they are priced at 20 times of the 52 week low in average.
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