Re: [CANSLIM] price objective

From: Chazmoore@aol.com
Subject: Re: [CANSLIM] price objective
Date: Sat, 24 Aug 2002 22:43:04 EDT

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Derek: I often take the current P/E and multiply it by the estimated future 
earnings for an estimate of the price at the end of that period of time.
For example lets us the same numbers in the paragraph you referred to.
P/E 40 x $1.45 = $58.00

Now the book says to allow for a 30% expansion of the P/E; so $58.00 x 130% = 
$75.40.

You win a cigar for catching WON in an error.

Charley

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<HTML><FONT FACE=arial,helvetica><FONT  SIZE=2>Derek: I often take the current P/E and multiply it by the estimated future earnings for an estimate of the price at the end of that period of time.
<BR>For example lets us the same numbers in the paragraph you referred to.
<BR>P/E 40 x $1.45 = $58.00
<BR>
<BR>Now the book says to allow for a 30% expansion of the P/E; so $58.00 x 130% = $75.40.
<BR>
<BR>You win a cigar for catching WON in an error.
<BR>
<BR>Charley</FONT></HTML>

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