CrossKeys Systems Corp [CKEY and CKY/TSE] Message Board

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Technology Stocks : CrossKeys Systems Corp [CKEY and CKY/TSE]

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To: bbgold who wrote (767)	12/5/2000 1:33:33 PM
From: Francois Lavoie	Read Replies (1) of 792

Value... I sold because they made 4 M Revenue compared to 17 M estimate. That's about a quarter of the estimate !!! Now, the stock will suffer because the fundamentals are not very good. They definitely lost my confidence, so I'm not going far by saying they lost investors confidence in general. The "deals not closed in time" excuse was used in Q1 as well. Back then the stock tanked from the 20s to the 10s. Now it's from the 10s to the 2s... Now if we want to do some fundamental analysis of this company (I didn't listen to the call): -They probably will layoff (why does it sound like Corel) -They have to do more financing which will dilute shares (Hey, still sounds like Corel !) -Management lost investors confidence -I should base revenue projections based on 4 similar Qs = 4 times Q2 = 16-20 M in rev. for the next year. -Book value = ? Cash is nil (they will run out of) According to Yahoo, book value is 1.81$ US. No P/E, No PEG, P/S = 1.22$ US * 19 M shares / 20 M rev. estimate = 1.16 So the stock is trading below book value at about 1 time sales. It might be fairly priced, but I'm not ready mentally to come back in. Contrarian views out there ? Francois

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