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Technology Stocks : CrossKeys Systems Corp [CKEY and CKY/TSE]
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To: Helmut who wrote (496)7/13/1999 8:01:00 AM
From: Glenn McDougall  Read Replies (1) of 792
 
Perhaps it's the perception that the new CEO is making the changes that will turn around the company. When CKY said it was buying back 5% of its shares imho it set a floor on the stock price. If you take out the cash in valuation of the shares you will find a company slated to grow at a much faster rate (a multiple) than the PE. The street has low expectations for the stock so any improvement should be welcomed by higher stock price.

Regards
Glenn

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