Sapiens International Corporation (SPNSF): Turn around...? Message Board

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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?

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To: ram yariv who wrote (22)	6/4/1997 6:12:00 PM
From: uu	of 1936

After almost 3 and half years of holding on to this stock I have come to the conclusion that if you are truly an investor you should never give up on your investment as long as the original reasons you invested in the company still remain strong. My reasoning to invest in Sapiens was its management in the first place. Anyway, the latest news on the 650K contract with Yugoslavia (see biz.yahoo.com is certainly great news for SPNSF. The company has been showing revenue and earnings growth for the past 3 quarters, and with the notion of small stocks doing great this year I think Sapiens will also do good. Back in Jan/Feb of 1994 SPNSF was ranging between $18-$27/shr. It went to 50 cents/share by November of that year, and then was kicked out of Nasdaq. And then it climbed its way back up to Nasdaq, staying at $2-$3/shr for almost 3 years and finally it is showing it can go back up to what it was. SPNSF is certainly a classic case of survivorship. The market also seems to show some signs of forgiveness and forgetness regarding the earnings re-statements of 1993-1995. Today most high techs were down and SPNSF actually went up by 7%! It has been almost 3 years since it has seen $4.5+, not to mention the $18-$27 range! I have great confidence in the management. I Will be holding till it gets to $10/shr at least by the end of this year (hopefully), and with the fundamental information regarding their balance sheet and revenue growth projection this seems to be easily achieved. But I do hope they dont goof this time. But I am sure the management has learned from the past mistakes. Anyway, In the short term I dont know how long would it be before profit taking takes place. But by today's volume I think it maybe a while before that to happen. But then again I have been known to be wrong in the past! Regards, Addi Jamshidi

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