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Strategies & Market Trends : Screening for Winners

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To: LemonHead who wrote (32)	3/22/1999 8:15:00 AM
From: JZGalt	Read Replies (1) of 45

Keith, Larry answered you question about where $3.71 came from. As far as "cheap" enough. This has nothing to do with any graph (except to pick off the latest eps number). I am strictly looking at the calculation: 5 year projected growth > 1.4 X p/e based on 12 month forward eps So in the case of COMS: 5 year projected growth = 21.3% 12 month forward earnings = $1.28 Current price = $24.375 p/e based on 12 month forward eps = 19 1.4 X p/e based on 12 month forward eps = 19 X 1.4 = 26.6 Since COMS growth rate of 21.3% is not greater than 26.6, COMS is not "cheap enough". So when does COMS get "cheap enough"? ( 21.3% / 1.4 ) X $1.28 = $19.47 Remember I am looking for extremely cheap stocks relative to their potential. I'm not saying COMS will hit $19 or that COMS is a bad investment. It is just that I'll get excited about COMS if it does. <grin> ---- Dave

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