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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (8078)	8/8/2001 12:14:06 PM
From: Sir Auric Goldfinger	Read Replies (1) \| Respond to of 19428

TMP Worldwide Inc. (TMPW) Price 8/08 Earnings Per Share P/E Ratio Div Yield LTGR Rating $49.41 12/00A 12/01E 12/02E 12/01E 12/02E $0.00 0.0% 30% 3 ($28-$87) $0.98 $1.34 $1.73 36.9x 28.6x TMP Worldwide reported second-quarter adjusted earnings per share that were $0.01 higher than our estimate and $0.02 higher than consensus. Management expressed its continued comfort with adjusted EPS of $1.40 for fiscal 2001. However, management now expects TMP Worldwide to meet this target in a different manner than previously planned. Management lowered its revenue growth expectations for 2001 to a range of 11%-12%, from 20% previously. To reach its goal of $1.40 in adjusted EPS, the company's plan for marketing and promotion spending has been reduced significantly for the remainder of the year. Management acknowledged that TMP Worldwide is feeling the effects of a weak U.S. economy. We continue to believe that EPS guidance may prove aggressive in the current economic environment. Continued weakness in the recruiting services industry may force the company to reduce its EPS growth expectations for the second half of 2001. We saw nothing in the second-quarter results that would argue for a change in that view. We maintain our Hold, or "3," rating on shares of TMP Worldwide.