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Non-Tech : Vans Inc. BIG HUMONGOUS Earnings jump.

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To: J. M. who wrote (50)3/13/1997 5:21:00 PM
From: Flan   of 403
 
Welcome aboard - Three things have been weihing this thing down

A. Small caps have been absolutely ignored and this cannot go on forever - mgr will have to look for value somewhere and coke at a 50 P/E is not it.

B. Nike always sells off on rumors before their qtr numbers and this weighs heavily on all companies in this sector

C. Someone is still shorting this stock and spreading false rumors about consignement orders.

But you have a few things on your side - The stock is cheap in any form of equity valuation. The company will deliver great results shortly - and lastly I think they will have some good things to say about the recent trade shows. I would expect a revision of next years numbers to 1.05 to 1.15 - which means you would be paying a 10 p/e for a 20%+ grower.

Go Vans !!!!
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