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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (46959)	2/13/1999 2:26:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Don, The 5% was definitely not sequential, it was year over year. Net income of $45.9 million vs $43.6 mm last year. Eps were rounded to 61 cents vs. 57 cents, but even without the rounding, they were up a measely 7% year over year. Sequentially, net income was up less than 3%. But the exact numbers are not the point. What is a co. growing in single digits doing with a 45 times pe ratio is the point. I don't get the contracting point. They don't have any contracts to produce products? A fair market valuation would put a pe ratio of 12 on this non-growth co., and I think that would take it lower than $80 or $65. <G> MB