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Gold/Mining/Energy : MGI Software (MGI on the TSE)

MGI 10.99

0.0%

Jun 1 5:00 PM EST

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To: Jim P who wrote (413)	10/8/1999 11:30:00 AM
From: Jim P	Read Replies (1) of 553

Post says MGI seen as attractive MGI Software Corp MGI Shares issued 23,984,712 Oct 7 close $6.45 Fri 8 Oct 99 In the News The Financial Post reports in its Friday edition that MGI Software is a top stock pick of Richard Groome, president of Montreal-based research boutique Groome Capital.com. Market Action columnist Sonita Horvitch notes the stock, currently $6.60, has a 52-week range of $7.90 to 92 cents. Mr. Groome says MGI is a leader in consumer personal computer photo software. Groome Capital.com is calling for revenue of $28-million for the fiscal year to Jan. 31, 2000, and $48-million for the following year. Mr. Groome says the company should first turn a profit in fiscal 2002. His 12-month price target is $10 and his 24-month target is $18. Overall, Mr. Groome says it is currently a market for canny stock pickers. He says the technology sector could feel the impact of the earthquake in Taiwan, which is a major production centre for computers and related parts, but he says the long-term prognosis for tech stocks is positive. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

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