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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: Saul Seinberg who wrote (13288)	10/21/2000 6:58:36 PM
From: Bernie Goldberg	Read Replies (2) \| Respond to of 18928

Hi Saul, Newport will accept as many trades per week as you care to put in to it. It will only show the last price as the price for the week, but the computations are correct. Hope this helps. Bernie By the way, I don't know who said this but I did read it somewheres, and think it is applicable to this thread at this time. "It is an old and ironic habit of human beings to run faster when we have lost our way."

To: Saul Seinberg who wrote (13288)	10/21/2000 7:13:58 PM
From: Jack Jagernauth	Read Replies (1) \| Respond to of 18928

Hi Saul, Here are a few 'cut and paste' notes about the JZGalt calculation of fair value from posts by Larry G (and maybe others) about a year ago: First we must assume that fair value is when PE = EARNINGS GROWTH and therefore PE/GROWTH = 1 = PEG, the same holds true for YPEG which is the year forward ratio. Price = 23.68 Last quarter earnings = 0.27 Next quarter earnings = 0.31 This years earnings estimate = 1.21 Next years earnings estimate = 1.45 Next 5 years earnings growth = 26.5% I like Dave's method which is Next years earnings estimate times the 5 year growth estimate which is 1.45 x 26.5 = 38.42 which is fair value. ...calculations are based on the theory that fair value for a GROWTH stock is when the PE = the Growth Rate (earnings). And it is based on estimates. Hope this helps. Regards, Jack

To: Saul Seinberg who wrote (13288)	10/21/2000 8:06:42 PM
From: LemonHead	Respond to of 18928

Hi Saul, I think this is a pretty good one and it wasn't easy to find. Message 8447219 Keith, Larry answered you question about where $3.71 came from. As far as "cheap" enough. This has nothing to do with any graph (except to pick off the latest eps number). I am strictly looking at the calculation: 5 year projected growth > 1.4 X p/e based on 12 month forward eps So in the case of COMS: 5 year projected growth = 21.3% 12 month forward earnings = $1.28 Current price = $24.375 p/e based on 12 month forward eps = 19 1.4 X p/e based on 12 month forward eps = 19 X 1.4 = 26.6 Since COMS growth rate of 21.3% is not greater than 26.6, COMS is not "cheap enough". So when does COMS get "cheap enough"? ( 21.3% / 1.4 ) X $1.28 = $19.47 Remember I am looking for extremely cheap stocks relative to their potential. I'm not saying COMS will hit $19 or that COMS is a bad investment. It is just that I'll get excited about COMS if it does. <grin> ---- Dave Keith PS - I was wondering a while back if Dave would have made the move out of chip stocks back into oil when the wind started blowing from that direction...

To: Saul Seinberg who wrote (13288)	10/21/2000 11:25:07 PM
From: OldAIMGuy	Read Replies (1) \| Respond to of 18928

Hi Saul, 2nd question first! Yes, Newport will handle more than one trade in the same equity in the same week. It does the math just fine, but in the little window on the main view of the stock it will show the total number of shares traded that week with the latest price. If you check the NOTEPAD, you'll find that Newport accounted for each trade just fine. That little window is just a summary of the week's events and doesn't show the actual math. It may look peculiar, but the accounting has been done properly. Best regards, Tom