DEC 97 .35 MAR 98 .51 JUN 98 .54 SEP 98 .57 DEC 98 .36 MAR 99 .97 JUN 99 1.06 expected
This year (Dec 99) expected earnings per share: $4.07 Which would place the expected P/E to: 5.4 Industry Average P/E: 8.9
That means if this stock continues to grow as expected and someday hits the industry average for the year would place the value of the stock at $ 36.22 a share, an extreme bargain at it's current price.
Let's say you wait for two years for it to hit this price, with a 10% while you wait.
A $10,000 investment would turn into $20,088 Assuming your dividends were reinvested.
How did I come up with this? $10,000 would buy you 470 shares. 470 shares X the dividend of .55 = $258 a quarter Reinvested this would purchase 11 shares Four quarters in a year would give you an extra 44 shares a year 88 shares for the two years added to your original 470 shares gives you 558 shares X the above stock price of $36.22 gives you your grand total of $20,088 or if it stayed flat for the next two years you still would have $11,857 either way you will increase your investment at least 18-100%
As long as earnings come in give or take a few cents I'm in to double my funds. If you know something I don't speak up, because I'm about to buy more.