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

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To: Jeffrey Mansour who wrote (472)9/20/1997 5:37:00 AM
From: Sam Golden   of 1936
 
I think you might be right jeff, its sure looking like the bottom is around 8. i was surprised at the closing volume. Since Sunday is the actual conversion date (Not sure how fast these people will have access to their stock)Monday should be interesting. It is possible we could go lower depending on how many of these new shares are cashed in.Either way you cant go wrong here.

BTW Addi, Using FYE98 estimates EPS of .45 and a conservative 35 multiple puts the stock around 16. Also i found one estimate for this qtr of .05 with a range of .25-.30 for FYE 97. Sorry dont have the link anymore but I did print it out. Still assuming these are prediluted numbers. There is one Co in the investors packet that have close to same estimates assuming all dilution has taken place.
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