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Re: hweb2 post# 945

Wednesday, 01/05/2005 11:15:45 PM

Wednesday, January 05, 2005 11:15:45 PM

Post# of 173805
Rrat: HWeb: PIHC:

Rrat: Thanks for your input.

HWeb: Well, I just lost my first post with IHub. I didn't copy it, so I have to try to remember what I wrote. Damn, I hate that! Oh, well. Even Nicole Kidman has periods! Where was I? Oh yeah.

If I understand you correctly you are saying that counting Q2, you feel like 17 cents is reasonable. But, you also predicted 5 cents for Q2. That would mean that Q3 of last year would have to have been 5 cents so that earnings were 5, 3, 4, 5. But, if you divide the $950K of one time expense by 17M shares, you get about 6 cents. Since they lost 6 cents in Q3 of last year, that would be a wash. So, why isn't it 0, 3, 4, 5 = 12 cents? But, I will assume 17 cents for this discussion.

A PE of 10 cannot be assured. I listed a bunch of BB stocks the other day that had a PE of 6 or so. But, even with 17 cents and even with a PE of 10, that is only a $1.70 and 21% more than where it is at right now ($1.70/$1.40). Are you telling me that pickings are that slim??

I really appreciate the relentless effort at finding value BB's that you put forth. So, whether or not I opt to buy, hopefully your answers will be better exposure for the stock.

Len

Warren Buffet: 5 minutes and 17 seconds of pure, unadulterated, bulletproof, flawless logic.



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