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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?


To: Joseph Pareti who wrote (23877)11/18/1997 8:57:00 AM
From: Riskmgmt  Read Replies (2) | Respond to of 61433
 
Joseph, re assume eps $1.6 in 1998 and $1.22 in 1997; that makes a 31% earning
growth p.a. That would justify p/e=31. Therefore the expected price
would be :

1997 : 31*1.22 = $37.8
1998 : 31*1.60 = $49.6

any comments on this ?


Sounds reasonable if they make $1.22 in 1997. If they make the $1.15 or lower as some analysis are predicting-what then?



To: Joseph Pareti who wrote (23877)11/18/1997 9:50:00 AM
From: Greg Jung  Read Replies (1) | Respond to of 61433
 
ok, I'm convinced. I'll sell you my shares for $38.