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Politics : Ask Michael Burke
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To: KJ. Moy who wrote (52554)3/19/1999 1:33:00 AM
From: Merritt  Read Replies (2) of 132070
 
K.J.M.:

Not to be a wet blanket but...a 10 bagger would indicate a price over $55/share, so with 25mm shares that's a market cap of $1.375 bln. Using your sales estimate of $80mm-$200mm for Y2K (which ends in about 20 months), that seems to me to be a pretty hefty cap, even using your highest figure - especially considering that the market they're selling into totals out at about $500mm. So, unless they'll have some stupendous margins - or they're planning to put a .com after their name, I just don't see how they can reasonably get there.
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