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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (15663)	12/23/2001 8:04:52 AM
From: Jim Cash	Respond to of 99280

BLUD pullback is a little tricky. Management is stating that they will do .90 to 1.00 this year which ends in May. Using IMHO a conservative PE of 10 - 15 and Mid range of .95 that puts us in a range of 9.5 to 14.25. We are not that far from the bottom of the range currently and if you use the 1.00 figure we are even closer to the bottom of the range. I would not be shocked to see a big run up Monday and possibly Wed that gets BLUD closer to the top end of the range at which time you will get your retrenchment. But of course it is just MHO. It seems BLUD was priced on the expected .60 going into Friday morning and the earnings / new guidance gave us the dislocation.