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Re: Threes post# 1936

Monday, 01/17/2005 10:07:48 PM

Monday, January 17, 2005 10:07:48 PM

Post# of 173845
SWTX The comments on the conference call were far more optomisitic and detailed than the generic slide presentation in the 8k.

The conference call said for Q4 they expect to be able to grow revenues; but have decreasing margins (due to raw materials cost). But they benefit from being paid in Euro's for their automotive products, which should result in a simular EPS number overall.

I think even if they only put-up another 0.07 EPS next quarter, they should eventually get to an annualized P/E of 10 (per the hweb approved method, "annualized P/E calculation", [2003]). That should give them a PPS of $2.80....sometime? It might take a while, maybe for another quarterly announcement, or two, or three? But I think the growth should continue....the CC also mentioned trials with their partner Mitsui's "large Japanese electronics customers". Just one of these materializing could send it way past a P/E of 10 IMO.



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