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To: Doug Meetmer who wrote (6163)7/27/1999 2:29:00 PM
From: djane  Respond to of 29987
 
Nothing :-) djane



To: Doug Meetmer who wrote (6163)7/27/1999 2:32:00 PM
From: djane  Respond to of 29987
 
To expand, those who buy at the point of maximum uncertainty (launch risks, IRID/ICO problems, demand forecasts versus execution, summer/fall general market declines, etc.) can reap the greatest rewards or punishments. djane



To: Doug Meetmer who wrote (6163)7/27/1999 2:32:00 PM
From: Rocket Scientist  Read Replies (1) | Respond to of 29987
 
<So it we assign a PE of 35 to this stock, then based upon profits of $2.70/share we
have a predicted price of $94 /share. What am I missing? >

Well, the 2.70/share is two years away in the best case, and has substantial risk at that. But if you're talking about a 24 month price target, I think 100$ or so is about right.



To: Doug Meetmer who wrote (6163)7/27/1999 2:33:00 PM
From: E Haiken  Respond to of 29987
 
If you apply a 35 multiple to the projected earnings of 8.44 per
share in 2002, you get a price per share of 295. When you discount
that by 92%, you arrive at the current price. What am I missing?