Intuit -- Darling No More Message Board

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Strategies & Market Trends : Intuit -- Darling No More

INTU 662.73

-1.1%

3:59 PM EST

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To: Mitchell who wrote (130)	3/9/1997 5:50:00 AM
From: Doug Fowler	of 148

My understanding is that Intuit has about $10/share in cash, meaning close to half of its current market value is backed up by cash. Subtract the cash, and the company is trading for less than one times annual sales, practically unheard of in the software industry. Given forecasts of about $1.00 per share earnings over the next 12 months, it looks like a reasonable price to earnings ratio. (Of course, that cash is contributing to earnings per share, isn't it ?) Overall, looks like a pretty good value to me, and an acquisition of Intuit would probably go for at least $30/share. Doug

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