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Hey Fools!
   I've been studying Abercrombie & Fitch (ANF) for a couple of days now and I wanted to discuss valuation for a moment with whoever is interested. The stock currently is 94 1/4. I'm trying to put a Jan 2000 price target on this stock to see if it would be a good investment.
   Using the YPEG method (with a forecasted long-term growth rate of 28.8% and EPS estimate of 2.60) it comes to about $75.
   However, if I use forecasted P/E (55x earnings) for Jan '00 times the estimate (2.60) I get $143. Using the forward P/E seems more accurate because a stock price really is just that: EPS x P/E.
   We're talking about a difference of $68 in my two forecasts for this stock in Jan '00. Does anyone have any thoughts on which method is more accurate?
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