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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (3545)	3/20/1998 2:21:00 PM
From: Wallace Rivers	Read Replies (1) \| Respond to of 78525

I would argue a stock growing at an estimated (reduced) 35% growth rate going forward with a PE multiple of 10, a price to book of less than 1.2 is a helluva bargain in a frothy market. This co. just presented at the Raymond James insitutional conference, and the general consensus there was the current state of the oil market will have a minimal impact on this company's prospects. Raymond James has a price target of 40, DLJ a target of 36. If you only give this stock a 15 multiple on this year's earnings you get a price of about 39 dollars. I feel the risk/reward is outstanding.