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Technology Stocks : CheckFree (CKFR) -- Ignore unavailable to you. Want to Upgrade?

To: Longterminvest who wrote (4806)	6/2/1998 11:22:00 AM
From: Benny Baga	Read Replies (1) \| Respond to of 8545

For example let us suppose that it is August 1999 (14 months from now). CheckFree's earnings for year ended June 30, 1999, were .32 per share, and the next year is for 1.00 per share. Wouldn't the stock (assuming it's august 99') trade around it's growth rate multiplied by the earnings estimate for the next 12 months? (or 1.00 X 40) Don't most growth stocks trade at next years earnings estimates? Benny(Sorry if I'm a little slow, I just wanted to clarify this)