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Strategies & Market Trends : CANSLIM - COAST TO COAST

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To: Bruce A. Brotnov who wrote (5855)1/26/2000 5:57:00 PM
From: James Wright   of 6445
 
Bruce --

PMRY suffered last year from general concerns that computer sales and service companies would experience depressed revenues because customers would be devoting their budgets to fixing Y2K problems. Now that Y2K is behind us, the sector is beginning to move up.

My best estimate is that PMRY will have a very good year as it plays catch up from last year's flat chart (i.e., long base). I also believe that a take over is very possible. You can now buy PMRY at near book value, with projected strong earnings growth. Thus, it would be a very attractive company for someone to acquire.

-- Jim
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