gerard minack joins inside business, page-8

looking at the forward earnings figures I'd say we are in this area

12/31/1996 $9.86
09/30/1996 $9.78
06/30/1996 $10.13
03/31/1996 $8.96
12/31/1995 $7.13
09/30/1995 $8.69
06/30/1995 $9.26
03/31/1995 $8.88
12/31/1994 $8.35


so 1996 and around 700 based on the chart

we might be 25% over valued