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Technology Stocks : APSG - Applied Signal -- Ignore unavailable to you. Want to Upgrade?


To: Judith Weintraub who wrote (661)2/12/1998 1:38:00 PM
From: Mark  Read Replies (1) | Respond to of 884
 
The results look fine to me, but the market obviously doesn't agree !
APSG are off big time.

I found the comments about staffing levels reassuring, and 25c eps
giving a mere 156% growth over last year seemed quite reasonable (!)

Updating the trailing twelve month EPS table gives -

Year to EPS (TTM)

Oct '96 0.23 (FY 1996)

Jan '97 0.32
May '97 0.52
Aug '97 0.63
Oct '97 0.91 (FY 1997)

Jan '98 1.05

Assuming we close at around $16 (maybe optimistic based on the current
decline !), we effectively have a PER of around 15 for a stock that is
growing earnings at > 100%........

Guess we'll have to see what surprises the conference call has in
store. Hopefully someone will post any key points.

Mark