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Biotech / Medical : CTEC: Cholestech any other investors? -- Ignore unavailable to you. Want to Upgrade?

To: Paul Kelly who wrote (620)	7/16/1999 6:39:00 PM
From: Duane L. Olson	Respond to of 710

Heheheh...good attitude, Paul. But you could get quite "well" on your average position if management can stay on track for just a short time. The Yahoo analyst estimates are now for $.19 next year, followed by annual 50% growth for the next 5 years. My TI calculates that little compounding to end up at earnings of $1.44. Assigning a PE of 40, conservatively in keeping with the expected growth rate, I would end up with a price of about 57+....slightly above the current, and making it worth while to hold. <GG>> tso