revised profit figures, page-7

agree


Earnings guidence issued today stating: "Thursday, 13 December 2007..For the full year, we expect EBITDA growth of around 20% and EPS growth of around 15%."

Last years EPS was 46 cents. This years EPS will be 46 x 1.15 = 53 cents.

Today's comments did not sound super positive.

Therefore BKN, which has been trading as a "growth stock" on a PE ratio of aoround 20, may settle or bottom on a PE ratio of 16.

16 x 53 cents = $8.48.

I myself would not buy today because this news will also be in the media tommorrow and have a strong impact will potentially more selling.

If it was me, I would not buy over $8 (however, I am not that keen to buy at all!!)

BKN was trading at $15 or, on a PE ratio of 20, forecast EPS of 75 cents for 2008, which was an expected profit growth of 63% for 2008. (lol)

Some folks were very optimistic or maybe need to learn about fundamentals.

Where do you learn? I taught myself. You only need to be able to divide and multiply.