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Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Herschel Rubin who wrote (3812)	9/7/1999 9:55:00 AM
From: Gary Korn	Read Replies (3) \| Respond to of 10027

Another good post from the YHOO board: messages.yahoo.com RE:NITE valuation by: terinnet 80860 of 80862 NITE trailing twelve months p.e. : approx. 30/31x (right?) Market trailing twelve months p.e.: approx 33x DID YOU NAYSAYERS KNOW THAT??? PEG ratio indicates how expensive a stock is relative to its price, earnings and expected growth.(P.E. ratio divided by expected long term growth)well,we can be conservative at 20% 5 year long term growth or aggressive at 30%.If you can't see a growth rate in that range, well just sell and move on,because you have to support that to buy the stock.Here's what you would get: NITE with 20%growth = PEG ratio of 1.5 NITE with 30% growth = PEG ratio of approx 1.00 Meanwhile, the market is projected by Standard and Poors to grow at 16.2% (to be exact!).The present market multiple is (trailing 33x approx).So you get: Market with 16.2% growth =PEG ratio of 2.00 NITE IS more volatile so we can give it a little discount for that, but in the end,NITE is cheaper than the market. NOTE:LOWER PEG IS GOOD!!NITE'S PEG IS LOWER THAN THE MARKET EVEN IF YOU WANT TO USE 20% growth. NITE is cheap .I'm sorry,it's cheap.I'm not saying it won't go down.Plenty of cheap stocks continue to go down.But I think it's worth more than it's selling for right now.In my opinion,a lot more. O.K., there you go.JMHO