"TGIS provides management services designed to improve the competitiveness and profitability of companies by focusing on reducing the time spent on revenue-producing, product development & administrative processes. For the 6 months ended 6/96, revenues rose 23% to $39.2M. Net income rose 22% to $3.8M. Revenues reflect improved program performance and inclusion of Interlink revenues. Earnings were partially offset by higher cost of sales."
Seems to me that the services and related technology provided by TGIS will grow steadly since process "reengineering" is very much the rage today in business. Based on Telescan (tscn.com) projections, it's trading at less than 5 times next year's earnings:
VALUATION CRITERIA
P/E Ratio............................. 7.5
Projected P/E Ratio (Next FY)......... 4.9
Relative P/E Ratio to stock history... N/A
Price-to-Cash Flow Ratio.............. 4.6
Price-to-Book Value Ratio............. 1.3
Relative Price-to-Book Value Ratio.... N/A
Price-to-Capital Spending Ratio....... N/A
Price-to-Sales Ratio.................. 0.6
Company Growth Ratio.................. 4.1
This company looks very undervalued to me. Now that the tax loss selling season is over, the upside potential seems very positive. Does anyone have any further information on TGIS. |
