And at that point the company will be posting two consecutive years of 200% earnings growth. I keep seeing target P/E ratios of 20x or 25x... A PEG ratio for a noncyclical stock of 0.1, are you kidding me? PE will likely settle much higher than most people are expecting, imo. The results are probably already attracting a new set of investors who are comfortable with higher multiples in exchange for high growth.
Ann: Profit Update, page-49
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