From the archives Aaron chart showing SAN ormalised earnings (taking out the bad stuff) and forecasts from yahoo finance

Good old analysts eh --- always assuming things will get better and back to where they should be ---- in this case better than average

But thats modelling for you things always go well ... if the underlying assumptions come to fruition

Next year forecast is 36 cents a share ..... on this basis share price will be 360-400. As you can see even at 325 today a fair biot of the improvment is already priced in ... on last years earnings should only be 240-280 in my opinion

Check back in a years time and you can tell me that of course all this was going to happen