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Technology Stocks : Citrix Systems (CTXS)

CTXS 103.90

0.0%

Nov 2 5:00 PM EST

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To: Peter Dierks who wrote (9020)	5/21/2005 5:59:37 PM
From: blankmind	of 9068

not sure if this thread is still active - but here's my post from the value thread: Given that my mortgage reits have rebounded nicely - just waiting for my bank recs to come around - & given my historical record of almost always being right - i'm recommending Citrix (CTXS) - closed today @ $24.49: doing due dilig on Citrix - stock closed @ $24.49 - range is $15.02 to $26 · per 1Q05 finl’s - released 4/20/05 - Citrix appears to running on all 8 cylyinders - revs for the 1/4 hit $202 mill - year over year qtrly growth of 25% - diluted eps of $.22 vs. .05 last yr - when revs go up 25% & earnings go up 4-fold - generally means the co. has hit its economies of skill level & earnings w/ keep growing · nice stock buyback - 2.6 mill shs repurchased - @ avg of $22.74 for $58 mill - another $200 mill to go - better yet - given Citrix’s enviable cash position & close to $170 mill in annual inc - sizable buybacks can take place going forward for a long time - wow - 2.6 mill shs works out to about 40,000 shares every trading day · for 2005 - gaap earnings projected to be .94 to .99; w/revs of betwen $840-855 mill· net inc for 2001 to 2003 was .54, .52, & .74 eps/diluted - now they’re tracking to do at least $.94 · Total revs for 2001 to ’03 was $591.6 mill, 527.4 mill, & 588.7 mill - why the down yr in ’02 - i don’t understand - i don’t have the revs for ’04 - but revs this yr are supposed to be at least $840 mill - this type of profitable growth is exceptional · a little gem in the Bal Sheet - shows deferred revs of $239 mill on 3/31/05 - these are monies paid up front - that get amorized over the life of the agreement - & the number is growing - from around $100 mill in ’02 - to $165 mill in ’03 - · Citrix has products that companies want - they’re saying 160,000 orgs user Citrix - Citrix runs in 100% of the Fort 100 cos; in over 100 countries; & seems to be getting more customers by the hour · A quick glance of news stories on Google shows many companies & organizations in the process of implementing a citrix solution due to the cost savings - less man hours to maintain the network & user PCs don’t have to upgraded as often · bottom line - at @24.49/shr - provided no one comes out with a better mousetrap - i can easily see the earnings doubling along with the stock price in the next 24 months

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