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

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To: Alex who wrote (419)9/14/1997 3:33:00 AM
From: uu   of 1936
 
Alex:

You state:
> What do you think will happen to the stock price a couple of
> years down the road, after the y2k payoff is done with? Do you think
> Sapiens will be able to grow their core business enough to support
> the lofty (I hope) stock price?


It is interesting that most people continue to view Sapiens as just another Y2K solution provider, while in my opinion that is just one of their soruces for generating revenues (and a small part compare to other parts of their business model). Here is what I posted a few weeks ago to respond to someone else who had asked a similar question and to avoid the duplication here is the link to it:
techstocks.com

You state:
> How close to the end of the y2k revenues will the stock start
> sliding the other way, and do you think we will see a $25 share
> price within the next couple of years?


We are talking about a company here that has truly amazed a lot of people including your truly! When about 3 years ago I was with the company and saw how company's stock went to 50 cents per share from its high of around $28/shr in a matter of 4 months, and then Nasdaq de-listed SPNSF and kicked them out, I thought this would be the end of company. Despite the fact that I knew of the management and their strong dedication and belief in the company and business model, I never really thought they can turn the company around ever, and yet there was something about the management that kept me believe in a miracle and thus I kept on holding to my shares (which I had paid for them with my hard earned money). And here we are 3 years later with Sapiens back on track and as strong as ever. This is a company that I truly call a srviver. They never give up!

As far as what the stock would be in a couple of years from now, who knows? It could be at $200/shr or it could be at 50 cents a share for all I know. But one thing I know is that if the past three years is an indication of what the company and its management can do, I feel very comfortable for holding on to my shares for at least another 6 to 12 months regardless of where the price of the stock ends up to be. Anyway, just my humble opinion only.

Regards,

Addi Jamshidi
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