See home page at: prt.com
Taken from Hoovers...
"PRT Group provides information technology (IT) services
throughout the world to companies involved in the financial
services, consumer products, communications, and health care
industries. The company's services include consulting,IT planning,
software development, maintenance outsourcing, and Year 2000
services. It also provides group and individual staffing for such IT services as systems analysis and project management. In addition
to offering on-site and off-site services to clients, PRT operates
Software Development Centers in the West Indies and Connecticut.
Its biggest clients include Chase Manhattan Bank, J. P. Morgan,
Mitsubishi International, Philip Morris, and Prudential Insurance."
I bought PRTG as a long term investment. I know the
founder, Doug Mellinger, and he is one of the most astute
businessmen around. His strategy is brilliant and I believe he will
eventually build PRTG into a very large and successful company.
I don't know if the $13.00 stock price will hold if the broader
market continues down, but eventually this stock will be a big
winner IMHO.
Doug started from nowhere with no money 10 years (or so) ago.
He got his clients and the Barbados government to fund his big
offshore facility. Then he goes to China and India to hire hundreds
of top programmers at reasonable wages to write software for
these clients. This guy is a genius at discovering and exploiting
opportunities and leveraging resources.
Don't take my word for it. Check out the January, 1998 issue of INC magazine. The cover story of this issue tells why Doug may be the next Bill Gates.
If you have a diversified portfolio, a high tolerance for risk, and a long-term perspective, I think this stock offers a rare long-term opportunity. In the short run, I'm not so sure. This November 1997 IPO needs to start making some profit or its could tumble.
But what do you think? |
