Project Software: PSDI Message Board

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Technology Stocks : Project Software: PSDI

PSDI 0.00

Mar 22 5:00 PM EST

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To: Tom Cribben who wrote (99)	6/19/1997 3:07:00 PM
From: Certafied	of 134

This is prior posting of mine on another board. The stock performance does not make any sense since it had its correction. It has > $5 of cash per share. Positive earnings. Earnings were missed because customer orders were not shipped in the quarter, but they were in the subsequent quarter. A customer was not lost. Close 6/13/97 = $18 (went as high as ~20.50) PE = 15.8 (went as high as ~18) Growth Rate = 34% (first call) PEG = 46.5 50 DMA ~ $16.25 Support of $17.50 is being tested presently. At a PEG of 1 the stock would trade at ~$39 based on trailing earnings. Based on 1998 estimates and this price the PE would be ~ 25. In the short term I would expect the price to hover around $22 (PE of 20, PEG of 59). Beyond this look at the fundamentals of the company, the industry, the new contracts that are being signed. As an update to that post. There are 5 analysts who give earnings estimates in first call and yet this is not taking off like it should. Most are probably still shocked by the recent crash. The recent drop is probably caused by profit taking and sales from those who decided to take loses from when the stock was trading over $30. However, Zacks has come out with a strong sell. Note an institutional broker has a strong sell, 3 regional brokers have a moderate buy and 1 regional broker has a hold. The recent filings for insider sells does not lend any positive support on the surface. At this stage the bottom may be at its recent low of $11.50. The current price is 15 5/8 with a trailing PE of 13.7. Hold On!!!

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