Presstek -- Stock of the Decade?? Message Board

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Technology Stocks : Presstek -- Stock of the Decade??

PRST 0.0001000

0.0%

Nov 28 9:30 AM EST

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To: NEIL MACK who wrote (87)	5/18/1996 12:56:00 AM
From: olduser	of 11098

Re: PE too high they say I've seen posting on this thread that PE is 800. I believe that was a quote from one of the highly esteemed financial publications. However, today's First Call mean estimate of earnings for 95,96 & 97 are as follows: .18,.70 & 2.40. Actually 1995 is not estimate but history. That's a 300% year over year growth in earnings for 96 & 97. At a price of 163.5, we get a 233.6 PE for 1996 estimate and 68.1 PE for 1997. Popular belief is that a stock can demand a PE = growth rate of earnings. If we use a PE of 300 to figure the value of PRST, what will be the projected value? 300x.18=54 for 1995 / 300x.70=210 for 1996 / 300x2.40=$720 for 1997. Of course, one must believe that such lofty projections are possible. So far,only one broker is included in the estimate. But in the past when I've tried to acquire a First Call Report on PRST, there were no reports available. At least one broker has awakened. There is still virtually no following of PRST by the pros. IBD hasn't featured PRST in the Weeklend Review section because an earnings ranking of 85 has not been achieved - YET! I believe the latest ranking was about 75. Next reporting should easily crash the 85 ranking and put PRST into the Weekend Review section. Then lookout as momentum players hop on board. You shorts must ask yourselfs why PRST moves so consistantly without institutional sponsorship. I believe that people in the printing arena know how revolutionary this Pearl process really is. They also know how to make money - CUT COSTS!!! PRST does just that. So people in the know are accumulating shares. It's still cheap, David

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