Question
LakeShore company is expected to generate sales of 7.5$ per share next year. However, due to extensive investments it is expected to have new earnings
LakeShore company is expected to generate sales of 7.5$ per share next year. However, due to extensive investments it is expected to have new earnings of -1.16$. The average price-to-sales ratio for LakeShore Company's industry is 10.25, and the average P/E ratio is 16.5. Based on this information what should be the price of the stock?
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown, Sanford J. Leeds
11th Edition
1305262999, 1305262997, 035726164X, 978-1305262997
