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Biotech / Medical : The Stock for 1999(Polymedica)PLMD(Medical Supply Co.) -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Radley who wrote (1588)	7/30/1998 1:44:00 PM
From: Dennis C	Read Replies (3) \| Respond to of 3414

A young and smart guy posted following on Yahoo thread. Sam should reexamine his $20 target. And Dude is no more number one hypster. #:-0) Y2K PM at $100 I've been wanting to buy this stock for a while. The numbers on this stock are amazing. I am glad I procrastinated doing non-number research until this week, since the price is now below $10 again. Well, I really didn't have to do much research, because after emailing Cousin Bob, he posted it in his newsletter and acknowledged that this company would probably meet earnings and did the research for me. Since the projected 5 year growth of this stock is 25% it obviously deserves a P/E of at least 30 and most likely will get a P/E of 35 after a couple of years. Since it has a consensus of 2.83 in the year 2000 I will count on that being near right, and set the price target for sometime in the year 2000 at $100 ($2.83 earnings * P/E 35). Does anyone else think it will be that high, or that the earnings in 2000 won't be around $2.80. I figure even if earnings don't reach that level it is already priced as if earnings would be around a buck, so there is little downside risk. I'll hold it for 5 years unless the P/E goes over 40, in which case there would be better values out there. My other supervalues I'm not going to buy yet. PDE is an oil stock so I won't buy until the Asian Recession looks like its going to end; and ENPT, a tech stock, which I would buy after the management gets its act together. These two could perform just like PM will but have higher risk, so I'm just buying PM now.