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Re: None

Saturday, 06/02/2001 2:53:36 PM

Saturday, June 02, 2001 2:53:36 PM

Post# of 466
*** IFTP IS SEVERELY UNDERVALUED / ANALYSIS ***

IFTP should be trading at $1.85 share, based on comparison analysis based on Direct Focus (DFXI)

ANALYSIS:

DFXI market cap $807M
DFXI Analyst 2001 earnings estimate $52M

(Earnings estimate for 2001 based on information provided via Multex Research at http://www.multex.com)

IFTP market cap $11.5M (420M x $0.0275)
IFTP Mgmt 2001 earnings estimate $50M

http://www.agoracom.com/agora/nonmemforum/msgreview.asp?id=83614&efid=83595&orig=83595

(IFTP shares o/s taken from updated TA)

Therefore, based on comparable income for 2001, IFTP market cap should be ($50M/$52M x $807M), or $776M.. This equates to a pps for IFTP of $1.85 shr ($776M/420M)..

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