Subject: Re: Earnings Fiscal Q1
A quick note on valuation.

Stock is trading at $410 after the results are out, looking forward to this time next year we might see EPS of $14. Multiples have ranged from 28 to 36, but 30 is the more stable average - which would forecast a price of $420 - so not much upside from here (not surprising since its essentially a multiple compression).

tecmo
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