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Staples, Inc. Message Board

  • grab_elvis grab_elvis May 14, 1998 5:35 PM Flag

    why 26

    Simplistically, estimated earnings for 98 are .74
    -- a price of $26 makes that forward P/E 35.14 --
    pretty darn similar to the growth in EPS over the next
    two quarters (apr 98/jul 98).

    Oddly, 26 was
    the major resistence point before last September's
    breakout. It closed at 26 on 7/25/97 [I believe it started
    at 26 during the whole ODP deal being blocked] and
    didn't hold 26 until the end of September. It had two
    dips below 26 after that -- Blue Monday and the
    Christmas bookend sessions. In 1998, it dipped below 26
    just before the split occured.

12.07-0.24(-1.95%)Nov 30 4:00 PMEST