Electronics Boutique (ELBO) Message Board

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Technology Stocks : Electronics Boutique (ELBO)

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To: studdog who wrote (272)	3/18/1999 1:05:00 AM
From: Night Writer	Read Replies (1) of 779

Karl, I hope we don't tank. The numbers say we should get a pop, but who really knows. A professional analyst might find something to dislike, but I haven't. Amateur Fundamental Analysis of ELBO for the evening based on earnings announcement. Revenue growth - 26% Earnings growth – 50% 1997 453 Stores 1998 528 Stores - 16.8% growth 1999 628 Stores - 18.9% planned store growth Mr. Firestone said Electronics Boutique plans to open approximately 100 additional stores in the current fiscal year in the U.S., Canada and Australia, and is expecting revenue gains of approximately 25 percent for the year. Projected revenue = $717,398,000 Projected 1999 earnings at 30% to 50% growth = $1.44 to 1.665 Closing stock price $14 1/2 Current trailing PE is 19.6 New trailing PE is 13 Using a projected PE of 20 stock value should be $28 to $33. I wonder if we will get to this price fast or slow. NW

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