Margins huge raise. Rasied above topline estimates for revenue and eps. EPS by a mil though due to the rising margins. PE only 7 here this is a $100+ stock at this pace by the end of the year. low market cap as well, and huge shorts in this=BOOM tomorrow 30% move up likely. cover shorts.
Earnings were good and you can expect a short squeeze as short traders were holding from the last pop last quarter. Your overall forecast, however is way off.
P/E is pushing 16. You're using the old numbers from before the reorg and that includes the cash from the sell.
$38 after the dust settles is more likely.
"Outlook for Fiscal 2011
The Company increased its full year outlook for sales and earnings per share. For fiscal 2011, it expects adjusted earnings from continuing operations per diluted share in a range of $2.15 to $2.25 and net sales of $730 to $745 million"