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To: van wang who wrote (672)11/17/1997 9:59:00 PM
From: Michael Brian  Read Replies (1) | Respond to of 1229
 
CEO said 30% growth? Then EPS is $1.62 based on $800 MM sales this year and a 10% pretax operating margin . Check it out:

$800 MM X 1.30 X.064= 66.56 MM

EPS = 66.56/41= 1.62 in '98

Price= 1.62X20= $32.50

Price= 1.62X25= $40.60

Avg. price= $36.50 six months ahead of end of FY '98