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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?
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To: DD™ who wrote (1087)2/11/1998 1:54:00 PM
From: uu  Read Replies (1) of 1936
 
DD:

As difficult as it is at this time be patient! The selling pressure is continuing but I for one see absolutely no reason as why! All I know is that I am more convinced now than ever of Sapiens on going strong fundamentals. They are now playing in a niche part of a niche market (the insurance sector of Y2K)! The purchase of that privately held IT insurance company was perhaps the smartest thing they have ever done as a public company!

And in fact despite the fact that in doing so I will be increasing my average share price, I am planning to add to my existing shares if it drops further. Spaines is now in a niche market and the revenue stream will be very strong for this year with high profit margins. And a little bird is telling me that they are aggressively trying to get involved with US government in solving various US governmental agencies Y2K problems. If successful that would be even a better boost to their revenue for this year. However even without that Sapiens seems to have more contracts and work backlog orders than they can handle, and I have no idea why the management is not more open about their backlogs (believe me it is huge from what I hear but I wished I had the proven documents). Ultimately the proven earnings will drive the stock much much higher. 6 months from now the current decline will simply be a tiny blip that we (at least I) wished could have taken advantage of more! Meanwhile ignore the stock price on a daily basis and come back to it in at least a month from now.

Regards,

Addi Jamshidi
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