|
PureBytes Links
Trading Reference Links
|
Hi Joe,
let me say something to the german SAP, you mentioned.
SAP is the world market leader in software for companies.
The Euro and the year-2000 problem will push profits.
The earnings per share since 1993 were
1.46 2.78 4.00 5.48 8.86 german marks.
For 1998 12.50 are estimated, for 1999 17.60.
The average annual growth from 93-98 is about 55%.
Cooperations and joint ventures with big players like
Compaq and Intel will hold up this growth.
In 1997 SAP started the expansion on emerging markets
like China and Russia.
The share is expected to be listed in New York in late 98
or early 99.
Goldman Sachs says, the share can reach 830 German Marks
and it is to be found on each buy-list.
In german media, the discussion is not about in which direction
the share goes, it is about when the share reaches 1000 German Marks.
So, everybody is waiting for a pullback to get in cheaper, including
me.
But everybody is already waiting for months...
Alex
>Just got my "Money Daily" e-mailed ( from www.infobeat.com) and
they've
>got an article on the new European Dollar that's supposed to be the
>standard currency for Europe in a short 11 months. A couple stocks
are
>recommended that might shine during all the confusion. If you slide
>over to www.infobeat.com there's a lot of free e-mail they'll send
you
>daily. You can set up a portfolio and get e-mailed prices daily. If
>your stock has news on it, that'll show up too. World currencies,
>precious metals, some futures. Here's a couple stocks in the article
:
>
>"How can you invest in this theme? Kugel recommends looking for
>companies that offer consulting as well as packaged applications.
>Four software companies in the field that Kugel likes are Baan
>(NASDAQ: BAANF), a Dutch company; the Germany-based SAP A.G.
>(NASDAQ: SAPHY); and the American companies PeopleSoft (NASDAQ:
>PSFT) and Hyperion (NASDAQ: HYSW).
>
>Three of them look fairly pricey, given the recent run up in tech
>stocks. So it may be worthwhile to wait for them to pull back.
>Baan, for example, has a forward price/earnings ratio of 71
>compared to a long-term growth rate of 44%. Likewise, PeopleSoft
>has a forward P/E of 66, compared to a growth rate of 46%. And
>SAP's 18% growth rate is dwarfed by its P/E of 66. Only Hyperion,
>with a P/E of 28 and growth rate of 28%, comes out with a ratio of
>one, a measure often used as a cutoff point when deciding whether
>stocks are over valued."
>
>Joe M
>jlm4@xxxxxxxxxxxx
Attachment Converted: "c:\eudora\attach\SAP.JPG"
|