CheckFree Holdings Corp. (CKFR), the next Dell, Intel? Message Board

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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?

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To: micny who wrote (12997)	1/7/2000 9:48:00 AM
From: Robert Gintel	Read Replies (6) of 20297

Smith Barney has a report out on First Call saying Ckfr is overvalued by 40 points. What isn't? Gist of it is that they have figured out that Yahoo's E- Bill initiative has been slower than they had expected and are projecting Checkfree's losses months ahead. Conclusion: Mr Zandi raises his price target on Checkfree from $20 to $40. Mr Zandi initiated coverage on Checkfree at $28. He recommended purchase at $24. He was frozen into inaction at $12. I toured the Checkfree Genesis facility in Atlanta with him and asked why he wouldn't recommend the stock at $12, if he liked it at $24? He missed the whole upside move that followed and when Checkfree hit $50 he predicted it would reach his target of $22. Now he has raised his target to $40. He could be right this time. Even a stopped clock is right once a day.

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