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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Bridge Player who wrote (18679)2/15/2004 3:24:37 AM
From: - with a K  Read Replies (1) | Respond to of 78603
 
I said Next year estimate raised .03 to $1.43 in last 7 days which is found here:
finance.yahoo.com

Needham is not attributed to this estimate, and 2 analysts are shown giving a current year estimate. So to say I increased Needham's estimate is misleading.

The Yahoo link also shows EPS estimates for "current year" rising from $1.19 (about when I first posted) to $1.21 now, so anyone that would've checked that would've seen it.

In my first post on KTEC, Jan. 15, I used the "next year's estimate" of $1.40 in my fair value calculation:

Company: KTEC
Date: 1/12/04
Next year's expected earnings: $1.40
Estimated EPS growth rate: 15
P/E maximum used for estimate: 15
Graham Fair Value: $44.35
Current Price: $16.55
$ difference: $27.80
Percent Growth to Fair Value: 167.9%


In my last post I said the current Briefing.com link does not show any detail, meaning it doesn't clarify whether Needham meant $1.40 for this year or next year.

biz.yahoo.com

Yet my post does say 2004, which I had found in my analysis in early January and can't find now. Perhaps the Needham announcement was misleading or I read it wrong. I stand by my analysis, but if "2004" was incorrectly given in the news item or interpreted to mean "next year" I apologize.