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Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (18705)	6/18/1998 11:49:00 AM
From: RAVEL	Respond to of 31646

JDN, I think you may be right. I've brought down SG&A to 19% for 1999 and it brings EPS to 1.28. Not bad! As for Q4, I'm looking for 5 cents. I have no doubts that management is being very conservative in guiding Hanefin. Looking for a nice upside surprise. RAVEL

To: JDN who wrote (18705)	6/18/1998 1:39:00 PM
From: James Strauss	Read Replies (2) \| Respond to of 31646

What Is TAVA Worth... If we just use the 1.10 eps est it doesn't take a rocket scientist to project future prices... P/E Projected Price ~~~~~ ~~~~~~~~~~~~~~~~~ 15 16.50 20 22.00 25 27.50 30 33.00 35 38.50 40 44.00 45 49.50 50 55.00 Knowing that P/E's can go to extremes, (AOL, AMZN),even a P/E of 50 is not unreasonable... Jim

To: JDN who wrote (18705)	6/18/1998 5:37:00 PM
From: Rick Bullotta	Read Replies (1) \| Respond to of 31646

26% high??? You gotta be kidding me! That's not bad at all, compared to history and other companies...salespeople don't work for free in this industry, and the good ones make a nice living, often in double digit percentages on sales. I don't think I'd use a lower number than 26%, or it starts to become wishful thinking...take a look at their current overhead costs (buildings, computers, etc), the HR costs (recruiting and ongoing), marketing costs, the salaries (and options) on their execs, plus the normal SG&A stuff, and you might reconsider. I still think 1.10 is even aggressive...remember, there are OVER 20 MILLION SHARES out...the margins will be really good, but the "denominator" is what kills it...