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Technology Stocks : THQ,Inc. (THQI) -- Ignore unavailable to you. Want to Upgrade?

To: shotz who wrote (8436)	11/4/1998 8:38:00 AM
From: Richard Spitzer	Read Replies (1) \| Respond to of 14266

Steve - If you've never taken profits in THQ, then you must be averaged in at a pretty low price. I would sell a portion now to lock in the gains, and keep a portion in to enjoy the ride some more. Price targets? Who knows? This ride up is as crazy as the ride down, but a ton more fun :) Just my thoughts. Rich

To: shotz who wrote (8436)	11/5/1998 1:12:00 AM
From: Ken	Read Replies (1) \| Respond to of 14266

Conservatively, I'd say the stock goes to $32 by early January and will do so during the seasonal small cap rally. This is easy to justify if you follow guidance of CEO Farrell whose comments in the earnings release clearly indicated comfort with earning about .59/.60 in the final quarter. Slap a conservative P/E multiple of 20 onto the stock and with 9-month EPS of about 1.00 + .60 Q4 EPS gives 1.60 full year. Price target = 1.60 x 20 = $32. So, I'd start reducing position at around this price, if at all. This is a truly profitable, high-growth company that actually deserves an even higher multiple.