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  • hramos9402 hramos9402 Feb 15, 2007 9:07 PM Flag

    todays action was illogical.

    I would bet that the price will revert back to the 37 to 38 range run up just prior to earnings and then move up from there to reflect growth prospects. I have no particular reason or rationale for my prediction just that the price of a stock should represent, according to the street, the underlying value of a company based on future growth in earnings times a multiple. The opinions I have read including the the recent Smart Money article suggest that this company is cheap trading just under 20x07' earnings. If this is the consensus then the price will adjust.

    What I don't get is why the analysts covering this company didn't make any comments after the CC and given the price movement after earnings. I just to don't get it. Now that's illogical!

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