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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: MIKFREE who wrote (15686)	3/6/1999 6:57:00 AM
From: Bouf	Respond to of 90042

Monday...NOOF/CWST/ITGR..enough said..

To: MIKFREE who wrote (15686)	3/6/1999 10:38:00 AM
From: Glenn	Read Replies (3) \| Respond to of 90042

I can't get excited about CAST. Hasn't done very well in the last year and I don't think it's going to do a lot better this year. It looks safe though. I don't like the industry either (My father and uncles all were in that line of work), its boring. What's the best guess for the stock if it were valued like its peers? Investors often come to believe that a stock is undervalued or overvalued compared to other stocks in its industrial group. To calculate an alternate target price for the current and next fiscal year based on those beliefs, investors can apply the average PE multiple for a company's industrial group to the average professional analyst's earnings estimate for the company in those periods. Smiles, Glenn Valuation using the industry's current multiple (P/E): Fiscal Year Est. Price % Change 9/1999 $9.64 0.14% 9/2000 $11.77 22.30% Citation current price: $9.63 Steel & Iron group current multiple (P/E): 7.90 Citation average 9/1999 analyst estimate: $1.22 Citation average 9/2000 analyst estimate: $1.49 How certain is the price estimate? Investors estimate the level of unanimity about a stock's prospects among analysts by calculating the range between the most optimistic and most pessimistic estimates. Average number of analysts covering Citation: 5 Citation analysts' high/low spread: 12% Citation analysts' confidence: High