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Technology Stocks : THQ,Inc. (THQI) -- Ignore unavailable to you. Want to Upgrade?

To: JEFFREY S. FENDER who wrote (10840)	5/14/1999 1:38:00 PM
From: AreWeThereYet	Read Replies (1) \| Respond to of 14266

Jeffrey, I think we have some misunderstanding here. I am not sure about THQI prior 1997 but in 97Q4, the p/e was indeed in the high 30s. I once brought the issue up in this thread because I thought the p/e was on the high side (wrong thinking of course). Obviously the you and me use a different timing scheme. 97Q4 eps wasn't release until early 1998 so in December the trailing eps we saw did not include the first WCW blow-out Q4 earning. I only saw the stock trading in the 20s but the trailing eps was only 0.53. This is also how BigChart plot the historic p/e range I think. With all due respect, I think your timing is better because it factors in the expectation of current quarter. Anyway, even your data indicates that THQI p/e had reached as high as 28.82. With that multiple, by June we should see at least $67.X (assume THQI exactly meet analyst's estimate). That's not very far from so-called Todd's moon level expectation. THQI is trading at $26.5 x $26 9/16 at this moment. Partly due to the market but it is also about time to take a pause. aC