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Technology Stocks : Project Software: PSDI
PSDI 0.00Mar 22 5:00 PM EST

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To: Steve Warkentin who wrote (21)3/21/1997 11:03:00 AM
From: Todd D. Wiener   of 134
 
Steve-

PSDI bounced off its 52 wk. low, which was also a strong support level. Today, it's up a little bit, so assuming it doesn't fall below $27.50, we look pretty good. There is nothing wrong with the company fundamentally, and it is trading at an absolutely bargain-basement P/E of 17x calendar 1997 EPS. That's half its projected growth rate. The only thing I'm concerned about is that the market may tumble farther, possibly causing PSDI to break support.

TDW
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