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Strategies & Market Trends : CANSLIM - COAST TO COAST -- Ignore unavailable to you. Want to Upgrade?

To: Bruce A. Brotnov who wrote (4323)	2/17/1999 4:41:00 PM
From: Carl Worth	Read Replies (1) \| Respond to of 6445

Bruce- If you get a chance, take a look at the recent news announcement regarding PSTA and the Cruttenden Roth conference. The CEO states that he wants to grow sales by 17 to 25% annually and maintain profits at 10% of revenues. As best I can figure, since he is talking about bottom line, this would indicate a 17 to 25% growth in earnings. This is not horrible, but it does not justify the earnings estimates which have them growing earnings at more like 50%. I do notice that the earnings estimates are gone from Yahoo on PSTA, so perhaps the analyst(s) who were covering PSTA noticed the same thing and pulled their numbers to reevaluate. Anyway, if you get a chance, see if you get the same conclusion that I did. I may be reading something wrong. Not finding much to buy these days so I am still mostly in cash. Even though it is volatile, the market still seems to be going mostly sideways. We seem to rally each time earnings season comes around, even last year when we had that plunge, we rallied in July and October around earnings, so maybe we just have to sit still until the end of March/early April for more chance to make money, at least on the long side. :) Carl