Fundtech [Nasdaq/ FNDT] (formerly FNDTF) Message Board

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Technology Stocks : Fundtech [Nasdaq/ FNDT] (formerly FNDTF)

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To: chalu2 who wrote (1)	3/13/1999 6:24:00 PM
From: pat mudge	Read Replies (2) of 172

What is H &Q's price target for 1999 and 2000. From their Feb. 9, 1998, report: "Based on the strength of Fundtech's product suite, its attractive positioning in a large market, the growth prospects for the coming years, and the company's highly attractive financial dynamics, we have initiated coverage with a BUY rating. At $22.38, or roughly 29 times 1999 EPS estimates of $0.78, the stock is still trading at a significant discount to long-term EPS growth of 60% (1998-00). The stock is also trading at a discount to comparable companies which trade at an average of 38-40 times 1999 EPS. Given the company's positioning in an attractive marketplace, and the very positive outlook with upside potential, we believe that the stock should trade at a minimum of 30-32 times forward estimates, which implies a $33-36 stock in 6-12 months. As such, we believe that current levels offer an attractive entry point." I saw the company presentation at the recent Robertson Stephens Tech Conference and began buying then. I'll add on dips. Pat

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