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Non-Tech : SOLOMON-PAGE SYMBOL -SOLP- -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Kirwin who wrote (251)	1/14/1998 11:02:00 AM
From: Gregory DeMoully	Read Replies (2) \| Respond to of 295

Thomas, Thank you for your additional comments regarding the conference call. As you have pointed out, SOLP projects their fully taxed earnings for 1999 to be 2.4 million on the low side. This means we can estimate the 1998 to 1999 year on year earnings growth rate to be 42 percent. If we use a .5 PEG, and allow for 8 million shares to accomidate the conversion of warrants (approx.), this calculates a two year price target of $6.30. Based on todays price of about 3.15, we would get a double in two years. I know this is somewhat conservative, and we could do better if SOLP buys back additional warrants or comes in near the high range of their estimates. I gues I don't see much down side from here and I think a double in two years is not too bad considering the rest of the market may correct. Are you a long term SOLP holder and if so what do you think? Regards, Greg