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Non-Tech : InvestRight Club Challenge

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To: Francois Goelo who wrote (1142)	3/26/1999 4:35:00 PM
From: R F B, Jr.	Read Replies (1) of 2662

Francois : You say the company has earnings of $.22 to be conservative and thus when given a p/e by the market of 20, the stock should be valued at $4.40. When/if the company reverses, say 1/10, is it more likely that the market will value the stock at $44.00. Don't think anyone will be able to sell this to the average investor. IMO the stocks stands a better chance of rising to $4.40 from current levels than it would post split rise to $44/s. Certainly most investors would wait until after the split (1/10 = $6.62 per share) and see what happens from there. As you can see, a savy investor (Gator) has already given up his/her position in the issue pending the split. Good luck... RFB

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