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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: tom pope who wrote (13411)	4/27/1999 3:33:00 PM
From: John J H Kim	Read Replies (1) \| Respond to of 43080

The following is from "Ask the Analyst" feature of Delta trader: Uniphase (UNPH-OTC) Price/Earnings 101 Price/Revenue 18.8 Consensus Growth Rate 40% Earnings: 1995- $0.20 1996 - $0.33 1997 - $0.48 1998 - $0.86 1999 (estimate) - $1.21 Source: Consensus Estimates: First Call Baseline Company WSRN.com Technical Opinion: UNPH is in a very orderly long and short-term uptrend with no evidence of any top formation as of now. The stock has gone through a series of consolidations as it moved higher. The next consolidation may see the stock pull back to the 90 area support, which would be a healthy move and set up for further gains. However, if UNPH should fall below 86 13/16, this may signal a more prolonged consolidation or near-term downtrend. While we do not officially follow UNPH, we do follow the electro-optics industry and have been keeping up on the company's progress. Through a string of acquisitions, the management has been able to build a well rounded fiberoptics component business. The recent merger with JDS Fitel rounds out its product offerings and adds one of the fastest growing companies in the sector. Our only concern with the company would be its very high valuation, and the very competitive nature of its business. Clearly the fiberoptics market will continue to grow rapidly over the foreseeable future. New companies with potentially breakthrough products seem to be springing up almost daily; it remains to be seen if any of these innovations will become a competitive threat to UNPH. Given its high multiple to revenues and earnings, we think that UNPH shares would be hard pressed to continue outpacing the market as it has in the past.