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Microcap & Penny Stocks : HITSGALORE.COM (HITT)

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To: DrStocks14 who wrote (198)4/27/1999 12:43:00 PM
From: Blue Voodoo  Read Replies (4) of 7056
 
DrStocks14 new tech analysis said buy. Now for fundamentals (PE):

HITT's operating earnings were $289K 1st quarter. Assuming earnings double each quarter (and thats a realistic, perhaps even conservative estimate given their hits growth - part of what we all like about hitt) yields $4.335 million for the year. At a float of 3.25 million shares, thats $1.334/share. At today's price of $11.5 per share, we get, bottom line here:

A 1999 PE of 8.62

Even if growth slows, and allowing for actual earnings to be lower than operating earnings, that still implies a year end PE of less than 10 for a fast growing, internet stock.

Sounds like time to buy more hitt.

PS, OT: If you're already looking for the "next hitt," consider IDFR
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