We believe the Base Case scenario defines the most likely fundamental performance for the Company.
The short-term target price for PTSC using on our Base Case scenario is $0.81 to $1.06 based on a range of long-term growth rates after the forecast timeframe.
Using our Optimistic Case scenario, our short-term price target is $1.19 to $1.58.
The single point target price is $0.92 and $1.36 for the Base and Optimistic scenarios, respectively, using a long term growth rate beyond the forecast period of 7%.
The timeframe for the target price is the end of FY09, as described above.