Dave,
CSGI has done over 14 pilots, some of them for AGISS, and in my opinion, it is just a matter of time before some of these companies start to come forth with the full projects. No matter what is said back and forth on this thread, the #1 issue is contracts.
Get the contracts and the stock will perform, don't and the stock won't. It is as simple as that.
I truly believe that the work will flow in and the stock will perform. The company has more than enough money to fund itself and once contracts start to flow in we should see the stock move up significantly.
If you check this post, > exchange2000.com I stated what the stock should do based on the amount of code that would come in.
I truly believe that with the limited supply of resources, the fact that only 20% of the top U.S. companies currently have projects, and the ever increasing rise in programmers salaries, the conversion houses such as CSGI will be in big demand.
As I stated, if each alliance partner only brings in four (3 million line ) projects, that would add up to more than 84 million lines of code. Never mind the projects CSGI will win by themselves.
You have to admit that only four projects of 3 million lines each is ridiculous. I don't think AGISS, SAA, SCBI, CHASE, Millennium Ohio, Millennium Asia, and INSI are in this business to only bring in four projects in all of 1998. Remember that 85% of the business hasn't even come in yet.
DO I BELIEVE THE CONTRACTS WILL START TO FLOW IN AND THE STOCK WILL PERFORM? YES !, I HAVE PUT MY MONEY ON IT!
AGISS - Is truly one of the WILD CARDS in this sector. At any given time one or two contracts with the Canadian Gov. could set this stock off. They have a top notch management team that has the capability to bring in the Gov. business. Most of the AGISS executives have some kind of connection to the Canadian Gov.
I currently don't own any AGISS, but I have traded it a couple of times. However, every time I see the stock go back near a $1.50 and then I see at $2.00, I kick myself for not trading it more often.
Once AGISS establishes their conversion facility in Canada, it will show that they feel that they will have code in backlog. At that time it may be a smart move to buy shares, because you know contracts are going to start being announced.
If AGISS performs due to contracts you know ConSyGen will also benefit. However, I wouldn't compare the two stock because they are really do different kind of providers.
ConSyGen is a conversion house, while AGISS is a service provider. |
