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Non-Tech : CDWI CD Warehouse -- Ignore unavailable to you. Want to Upgrade?

To: Swingdr1 who wrote (535)	2/24/1999 12:28:00 PM
From: HerbVic	Read Replies (2) \| Respond to of 550

Thanks for posting the "Good Numbers" PRNewswire article. It appears that this company is in growth mode and therefore should be afforded a high P/E. The backwards looking P/E is now 50, given a stock price of 13 1/2. If we ASSUME a consistent growth rate with the same number of shares over FY 1999, the net income comes out to $1,550,000 with a forward looking P/E of 25.47 on a share price of 13 1/2. Where is fair value today? I'll leave that analysis to someone else. Someone with a broader understanding of mixed 'brick and mortar' / 'internet' retail stocks. HerbVic