Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gary Korn who wrote (23893)	11/18/1997 10:13:00 AM
From: Riskmgmt	Read Replies (3) \| Respond to of 61433

Gary re:The consensus estimate is $1.05 for 1997. As I recall, the $1.22 figure is close to the consensus estimate for 1998. Then why are you so bullish on the stock? If they make $1.05 it's a 7% growth rate over 1996. And $1.22 is about a 17% growth rate. $1.05 @ 7 = $7.35 $1.22 @17 = $20.74 Taking the average of 12 @ $1.05 = $12.60 12 @ $1.22 = 14.64 I know that I will get flack from some bulls here, who think that the stock is worth $40-$80. I can only say that, I believed that as well, up to the point I did more homework. I am not saying the stock is worth $12-$14, I am just looking for more data and points of view. Going long on this stock has cost me plenty and I still have LEAPS that are under water. I sold the stock and now I am wondering if I should sell the LEAPS. Comments and logical arguements welcomed. Regards, Ray