On April 20, 2000 Chase H&Q analyst Joseph Arsenio, Ii issued a 4 page Daily Notes Report on Itron, Inc. Report highlights: 'The 2000 EPS estimate was raised to $0.21 from $0.18 and the 2001 EPS was set at $0.38. A MARKET PERFORM rating was maintained. The company should generate earnings growth of 30% over the next three years.'
Target price should be $6 at best. Book value has dropped like a rock.