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To: straight life who wrote (37456)4/19/2004 4:29:19 PM
From: - with a KRespond to of 118717
 
Yahoo post FYI:

AUO estimates surge once again
by: cpnanalyst2003
Long-Term Sentiment: Strong Buy 04/19/04 03:33 pm
Msg: 19105 of 19138

In 2003, AUO earned $1.08 per share. I got involved in the stock on February 25 at which time estimates for '04 were $1.50 and '05 estimates were $1.35 (slightly lower - due to an expected decrease in prices).

As of last week, the estimates had been raised to $2.22 for '04 and $2.13 in '05.

This week the estimates have surged once more. They now stand at $2.52 for '04 and $2.41 for '05. Remember - this company earned only $1.08 in '03.

When AUO was a $15 number in late February, it sold at 10 times forward estimates for '04 and 11 times the estimated '05 number.

Despite the 85% stock price rise since then, the forward multiples as they stand now are only 11 for '04 and 11.5 for '05.

Yahoo is showing the average annual growth rate over the next five years to be an astounding 68%. As mentioned above, we are looking at forward PE's that are only in the 11's even now. That's a PEG of below 0.20.

I don't know how high this stock can go but I'm thoroughly convinced we're not there yet.