Star Data Systems Inc. (STY,T) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Star Data Systems Inc. (STY,T)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: The Coz who wrote (195)	9/27/1999 6:25:00 PM
From: kingfisher	Read Replies (1) of 267

Investors appear to be shying away from Star Data due to concerns for Y2K which is less than 3 months away.It is my opinion that these unrealistic fears have driven this stock to bargain basement prices. Having said that I do not anticipate much of a move up until January, in which the naysayers will be proven wrong. The company is profitable again and is flowing cash at the rate of $1 per share and yet still trades at 3.3 times cash flow!Sales per share of $4.45! The big upside would be that Y2K spending by STY will amount to $3,800,000 or .21 cents per share.Within 3 months these one time charges will stop and more cash will be flowing to the bottom line. What amazes me is when the stock was trading in the $6 or $7 range takeover rumors were rampant and now at $3.30 with strong fundamentals the funds are not interested until Y2K is not an issue.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next