Saturday, May 05, 2007

Divis labs valuations?

Divis: need a funda report on divis covering fy09
the only report i have is covering fy08eps = 125
growth rate of almost 30-40%
fy07e=97
my elementary fair value range = 2813-3880.
Its not approaching upper end of range it a short for a target to middle of the range.
Same way with the longer term trend channels on the eod charts. Anyway since the stock is strong+high beta it might not form its top before the market.

On the charts i got a resistance trendline near 3800 then 4000 somewhere
3800 could give a small dip few %
4000 could give a 20-30% drop.

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