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Strategies & Market Trends : Rande Is . . . HOME

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To: john722 who wrote (46321)1/29/2001 4:43:51 PM
From: American Spirit  Read Replies (2) of 57584
 
Buy alert on ESHR. Just reported and though of course the Q was slow here's the good news. Very undervalued stock. market cap at 1/3 year's revenues. Have stabilized cash burn rate and are collecting. Nowhere to go but up IMHO. Bought more at end of the day for 1 1/2 which should be the new bottom.

"Glen Shipley, CFO of eshare, noted, ``The Company's previously announced year-long effort to bring its DSO in line with industry averages has concluded with these write-offs. Year 2000 ended with approximately $14 million in cash and cash equivalents, which is approximately where we began the year. Excluding the non-cash charges, the Company's cash burn rate for the past year was approaching break-even. The Company has initiated numerous efforts to reduce expenditures and increase revenue as we continue to return to profitability in 2001. These efforts include the realignment of the Company's sales force, increased marketing efforts, the release of new products and services, the introduction of new sales management software, and an aggressive Company-wide expense reduction plan.''
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