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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (5962)	10/6/2000 7:46:56 PM
From: anandnvi	Read Replies (1) \| Respond to of 30051

Waaaah. Bears in MDD thread calling for 2500 on the NAZ <sob>. Somebody post some nice words please <sniff> <whimper> Anand

To: mishedlo who wrote (5962)	10/6/2000 8:04:44 PM
From: Zeev Hed	Read Replies (4) \| Respond to of 30051

You always come up with tough questions. SNDK has a much greater BV than SSTI (due to last year's humongous Cap gain), but it expected growth rate seems a little lower, and their "expected earnings next year are $1.40 and $1.90 (SNDK, SSTI respectively). Taking these and other parameters into account, I get a bear market low for SNDK of around $30 (twice their "then" book value), a fair value of about $42 (about a PR of 30 if they maintain their growth rate at 30%, I think they should be better, because operational income is finally coming through, but I am taking "analysts" values for next year's earnings), and bull market fair value of $70. SSTI I have a bear market low of about $15 (8 times what I expect them to earn, because they have not much support from BV), $40 nomal fair value (about 20 times expected next year earnings) and $90 in case of a bull market (50 times earnings, the full growth rate currently expected). Zeev