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Strategies & Market Trends : Value Investing

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To: James Clarke who wrote (9169)12/7/1999 12:35:00 AM
From: Don Earl  Read Replies (1) of 78625
 
Just stopped by to hype SPRI a little bit. Book value is $4.48 with $3.93 of that in cash. The company provides IT services to fortune 1000 companies but got clobbered this year due to so much of the IT budgets going toward Y2K bug fixing. The company earned .77 in 1998 and was trading in the low 20s at the beginning of the year. Currently trading at $5 and is trending upward off a long flat double bottom. EPS consensus for 2000 is .05 which leaves plenty of room for surprises and upgrades if business returns to normal. I don't think they'll hit 1998 numbers but .05 is too low.

Regards,

Don
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