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Technology Stocks : PRTG (PRT Group) -- Ignore unavailable to you. Want to Upgrade?


To: Capitalist who wrote (17)1/31/1998 12:07:00 PM
From: organicgerry  Read Replies (2) | Respond to of 128
 
Earnings estimates are .56 for 1998 and 40% earnings growth rate. This will support a value of .56 X 40 = $22.40

I believe 1999 estimates are about .75, so the stock should hit $30 then. If they beat expectations, it could go even higher.

PRTG has gone up faster tan I thought it would, I'm really pleased. But I think there's a good chance it will retest lower ($13-15) areas, it depends on its earnings, which are due out in a week or so.

One idea is to take a partial position now and dollar cost average in after that.