Re: [CANSLIM] VRNT and new offering

From: Spencer48@aol.com
Subject: Re: [CANSLIM] VRNT and new offering
Date: Mon, 26 May 2003 23:14:43 EDT

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Katherine:

     I may be wrong; I'm not sure (it's kind of late at night for me).  
That's why I'm asking:

     The new shares being issued are about 20% (ie, 5Mill shares of about 
24Mill).  The '03 earnings in DGO are est. at increasing 30%, and '04 at 27%.  

     Therefore, is it kosher to deduct the 20% from the 30% and 27% (making 
30-6=24% and 27-5.4=21.6%), instead of converting to dollar amounts first and 
then seeing how much  EPS increases?
     

In a message dated 5/26/2003 10:12:18 PM Eastern Daylight Time, 
kmalm@earthlink.net writes:

<< The additional 5m shares will raise the total outstanding shares from 23.4 
to  28.4m shares, so it's not quite as dramatic as it seems when you say 
they're "doubling the float." While increasing the number of outstanding shares by 
5m will dilute the earnings, it is diluted across the total *outstanding* 
shares,.. >>

jans

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