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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (34852)	10/22/2001 4:49:00 AM
From: Johnny Canuck	Respond to of 67993

Hi Clint, By fundmental measures this stock is pretty pricey. P/S of 8.9 times, but if you consider that they are starting a new growth cycle and you use a models that uses flat EPS of 32 cent for the next few Q (not ultra-conservative but not ultra aggressive either) and 30 percent year over year growth (their gudiance) you get 38.40 as the price target. With the low float of 21 mil shares out, and given that they are one of the few companies with visiblity and that fact the backlog is running ahead of last Q at this stage I think 50 is doable if the market cooperates. The average price of flat panels are not down to a level where the consumer demand could give a nice up side surprise if iy catches on. Sales have been to business mostly so far. From a practical and more personal point of view, I am try get the boss to upgrade my monitor as the FP LCD screens are easier on my aging eyes. I expect many have the same problem. On another note, GLW is guiding to slight lower number of 25 percent LCD growth year over year in volume with a 10 percent decline in price. So adjust your numbers accordingly. From a mo-mo stock perspective 50 is doable. As of note GLW mentioned that TV glass dropped 50 percent Y-Y this year. It declined all year. The worst in 25 years. The oversupply is pressuring prices.