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mrWalrus

05/08/07 12:56 PM

#4493 RE: Lakers_w #4491

and that's where the beautiful part comes in...

Valuation
We maintain our 12-month price target at $23, based on $0.45,normalized EPS and 1.5X target PEG ratio as we expect continued outsized growth.


the target price is based on a low ball estimate of $0.45. What happens when they step up to the plate and tell us guidance is raised and we can expect $0.70+ this year?? I think you'll be able to kiss this $16-20 channel good-bye and we'll finally be on our way to proper valuations.

I fully expect to see an earnings announcement sometime this week (preferably tomorrow).