I agree with the numbers that you have posted. The problem with the stock, and the industry for that matter, IMHO, is the realization of the y2K problem. I have been reading alot of industry articles that companies are allocating money away from new system upgrades to fund y2K. My company is a example. I work for a big Boston based mutual fund company, not FIDO, and have been allocating a large portion of our resources to y2K. ISD has put off upgrading our recordkeeping system to Object based until later in the year, maybe next.
I've been in this for quite some time, a year I believe, and like the progress that they made of building a solid foundation, however, without clear visibility of the industry and earnings, I don't see anyone covering the stock. That's what we need, again, IMHO. |