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

To: anializer who wrote (36468)	2/9/2010 12:28:38 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78717

LPS. Looks to me like it was a pretty decent quarter. Stock down though. Maybe co's expectations are now lower than what analysts' project. "For full year 2010, we expect revenues to grow 8%-10% compared to 2009 and adjusted earnings to be in the $3.49-$3.56 per diluted share range." finance.yahoo.com Assuming net income/sh is even lower than company's "adjusted earnings", the 2010 p/e estimate on the stock (trades about $37.50 now) would be higher than 10.8-10.5. Yahoo shows consensus pe on net income to be 9.8, so either company is conservatively projecting or analysts are overestimating earnings. Unless I've missed something in browsing the report, this is one of the more poorly written press releases I've seen in a while. Net income per share for the year is not disclosed. Very unusual. Nor is the number of fully-diluted shares outstanding mentioned. (I calculate 97.3M shares out. from the revenue and revenue-per-share numbers they do provide for q4.) The business seems viable (growing) though. Profits continue up. Profit margins look good to me. With stock down a little today, I'll up my position a few shares. finance.yahoo.com