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Technology Stocks : IVI Checkmate (CMIV) -- Ignore unavailable to you. Want to Upgrade?

To: hsg who wrote (1516)	10/20/1998 2:59:00 PM
From: Yonni	Read Replies (1) \| Respond to of 3721

Yes, I too could have bought Berkshire Hathaway when I was born in 1968 and I would be a multi-millionaire today. Let's cut the coulda/shoulda talk and the whining and actually start posting some material that might help one another. From my earnings model for the third quarter, I am forecasting the following: Revenues: $24.17 million US Net Income: $1.614 million US EPS: 10 cents per share US My operating earnings forecast (Ex the merger charges) is $0.38 for 1998 and $0.51 for 1999. Given that my forecasted ROE for next year is around 14%, I will use a 14X multiple on next years earnings. Thus my target is $7 US ($11 Canadian). I bought in at $6.5 US and some more around $5. ( I was originally using a 20X multiple but in this market I think 14X is more realistic). Anybody else, what are your targets (Please do not give me a street analysts' opinion, I want to see who out there is actually double checking the work of the street.) Cheers for now.