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Technology Stocks : Peregrine Systems Inc. (NASDAQ:PRGN)

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To: D.Austin who wrote (448)5/1/2002 1:18:42 PM
From: Alastair McIntosh  Read Replies (1) of 492
 
Anyone know if there are any issues with revenues here? Stock is now trading at a Price/Sales ratio of less than 1.

OTOH they are still trading at 4 times enterprise value of $0.94/share with over $7.00/share in goodwill most of which will be written down at some point. I expect that the new auditors will require a large writedown and a big hit to the income statement. Any problem with revenues would increase the hit to the stock price.

The question is, buy a bit now or wait for the 4th quarter release?

Al
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