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Technology Stocks : International FiberCom, Inc. (NASDAQ- IFCI) -- Ignore unavailable to you. Want to Upgrade?

To: FastC6 who wrote (2279)	5/12/1999 3:44:00 PM
From: Chris Helton	Read Replies (2) \| Respond to of 3541

With $.60/sh in eps this year, (not a stretch given the recent acquisitions, and the possibility of a few more this year), I doubt very much whether this stock would sell at 5X eps. Dycom, a similar company sells for 40X eps. It is much more likely that IFCI goes to a 25-30 multiple over the next year than a 5 multiple. Because you haven't taken the time to visit the various companies or understand how the companies work together (or understand that the companies grow almost whether they want to or not, due to the telco spending) makes your credibility very low right now as a forecaster. The pressure on the stock in the past was Wally Sapp's stock coming regularly into the market, not your short position. With this major force out of the way now, just a few institutions discovering this stock is much more likely to take up the supply than in the past. good luck Snake Eyes, your strategy is in the spotlight now. Your credibility is on the line with this one.