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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: paul e thomas who wrote (7347)10/30/1997 2:44:00 PM
From: paul e thomas  Read Replies (1) of 13949
 
FLIRTING WITH DISASTER OR A BIG WIN
After a lot of soul searching I have consolidated my Y2K holdings to the point where now I now hold 10,000 shares of IMRS at an average cost of 27+ $/share.This represents about 65% of my total investment. I am comfortable with this "RISKY" approach for a number of reasons. First on the strategic level IMRS has the most clearly articulated strategy of any Y2k company for positioning themselves for the post 2000 period.Secondly their sequential revenue and earnings growth is very robust and has little prospect of declining materially for at least 4 more quarters.Thirdly as measured by their 85% conversion of assessment phase business into remediation and testing business strongly indicates they are clearly meeting customer quality ,delivery and price expectations. Lastly the Chairman is a very strong Visionary and yet appears to have his arm around tactical and operating matters. Fourth IMRS is providing more detail about financial and operating information to individual investors than most y2k firms. I have previously purchased and sold earlier this year 400,000$ of Imrs .This has accounted for 14% of all my y2k purchases of Y2K stock I previously bought and sold this year. OF my total y2k capital gains this year Imrs has accounted for 41% of the total gain.I believe I can realize a 50% gain on my Imrs holdings by May 1998.I expect earnings will double between the recent September quarter and the June 1998 quarter.For my price goal to be realized the trailing PE at the end of the June quarter would be about 45 according to some rough estimates of mine.
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