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Strategies & Market Trends : Timeshare Companies - OWN FFD TWRI VSTN SVR BXG

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To: Grommit who wrote (16)5/19/1999 5:14:00 PM
From: Grommit  Read Replies (1) of 55
 
SVR Earnings Estimates - I'm sure you saw it.

"First Call consensus EPS estimates for fiscal year 1999 are currently $1.83. Based on current projections by the Company, earnings for the year will approximate $1.60 per share, a growth rate of over 10 percent when compared to 1998 earnings per share of $1.45. ...The Company anticipates that the second and third quarter 1999 results will be approximately six and eight cents below current estimates respectively, with the remainder falling into the fourth quarter. The divergence in the fourth quarter estimates is also caused, in part, by a change in the sales mix during the quarter...

For 2000, Silverleaf expects over a 25 percent bottom line growth with earnings of approximately $2.01 per share and for sales and marketing expenses to be approximately 48.0 percent, in line with industry norms. Silverleaf met consensus estimates of $0.38 per share in the first quarter of 1999 and as of March 31, 1999, had a book value per share of $11.39. Mr. Mead concluded, ''We believe that these are realistic estimates."


I appreciate such clarity and honesty. I wonder about the accuracy now. :o) Is it a buy?

valuestocks.net

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