First of all thanks for this excellent post. I am somewhat familiar with the CANSLIM approach but never was exposed to the idea of price projections within this discipline. I have my own "technical" approach to price targets but that is another story.
Question 1: When you made your projection in 2009, where analysts clever enough to project 2.5 times earnings increased?
Question 2: Are the estimates from IBES or another organization?
Question 3: If these estimates are a distribution of many analyst estimates, do you take into account the variability around the mean estimate when you make your price projection.