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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: The Ox who wrote (3200)	1/13/2003 8:03:54 PM
From: Crossy	Read Replies (2) of 37387

re: NasdaqNM: STOR (Storage Networks) .. $1.17 This looks like a great undervalued restructuring + growth opportunity: Storage Networking Software. CFO Flanigan who cut out all the fat of this mini-conglomerate was elevated to CEO. And the restructuring goes on. While revenues haven't slacked too much, Gross Margins are up huge, from 20% to 50%. STOR is already EBITDA positive. Cash per share at $1.55, Book value per share $2.15 at leat. Most recent employee reduction should enable STOR to achieve even higher gross margins >60% IMHO and profitability by the current quarter. I believe take-out value around $3, longer term perspective on some segment strength $5-10... rgrds CROSSY

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