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Biotech / Medical : Sepracor-Looks very promising -- Ignore unavailable to you. Want to Upgrade?

To: BMcV who wrote (1462)	11/20/1998 8:16:00 AM
From: BMcV	Read Replies (3) \| Respond to of 10280

More on Dean Witter: clearstation.com nice graphics, pretty much same info as from Bloomberg, some more details on how Doug Lind arrived at his price targets. He discounts long range estimates at 35% annually. The discount rate seems to be a major fudge factor in this type of work. We've seen rates from 25 - 50%. Is there any validity in the idea of using LEAP prices to determine at what rate the market itself is actually discounting earnings (as opposed to one individual pulling a number out of the air)? Or are other factors involved in setting those prices? Look at that graph...this can't be a stock I own...must be upsidedown? You could build a house on the 200 day ma. thanks oamc for the link