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Strategies & Market Trends : The Round Table: A work by the squares of the SNDK thread. -- Ignore unavailable to you. Want to Upgrade?

To: Bill Zeman who wrote (48)	3/14/1999 7:11:00 PM
From: Mike Ankley	Read Replies (2) \| Respond to of 194

Hi Bill: Noticed your post on IFCI. Here are a couple other viewpoints you might want to consider: CBS Marketwatch's Thom Calandra says that IFCI is poised to roll: cbs.marketwatch.com Red Herring puts IFCI on short list of top stocks to own in 1999, alongside recognizable names such as AOL, CSCO, SUNW and ATHM: redherring.com redherring.com Analyst consensus forecasts call for 0.60 EPS in 1999 nasdaq.com nasdaq.com Which gives them a current year PE of 17 and a forward looking PE of 11: nasdaq.com In a sector where related companies have the following fundamentals: MTZ (PE=35) biz.yahoo.com DY (PE=34) biz.yahoo.com AFCI (PE=19) biz.yahoo.com ALNK (PE=17) biz.yahoo.com MFNX (PE=-) biz.yahoo.com ABTE (PE=-) biz.yahoo.com As Red Herring mentions, if you want to get rich during a gold rush, don't dig for the gold, invest in the picks and shovels. Well one of the gold rushes currently underway is the rush to increase bandwidth to carry the voluminous data being generated by the Internet and other multimedia forms. At the very least, I would realistically expect sometime soon during 1999 IFCI to be trading at 20 times it's 1999 EPS. This should give it a value of at least (0.60 x 20) = 12. So at the very least, from this point IFCI represents a realistic shot at a near 100% return just within 1999. The 1998 fiscal year results are about to be announced, sometime between now and March 31. I expect the price to rise somewhere between 8-9 between now and the announcement. Then expect the usual pullback, unless there is a huge upside surprise. After that, IFCI should eventually rise (in a volatile manner) throughout the year to meet its true valuation. Cheers Mike