Timothy, IMO, I believe the value of these recent acquisitions is starting to sink in. NETM practically stole
WALL, when you consider the cash that Wall had on hand, then
NETM only paid about 30 million for the company. This is a
company that generates about 100 million in sales. So if you
look at the newly combined company, along with SIMW, we
should see revenues of 200 million in 2000, perhaps more,
because as Y-2-K spending is over, then IT projects will
ballon, and NETM will be well positioned. If you figure 2X
sales, on 200 million in revenue, that's 6.25 per share,
3X would be $9.37 BTW the stock is at 3X sales now. Anyway
that's my take, one more thing, if they knock down a large
contract, as is rumored, then look out. So I bit the bullit
and added big time today.
Take care
Henry |
