MVSI - AN UNDISCOVERED GEM Message Board

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Technology Stocks : MVSI - AN UNDISCOVERED GEM

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To: JOCKO who wrote (425)	2/14/1998 2:01:00 PM
From: Bankceo	Read Replies (1) of 627

Jocko---I am a portfolio manager and securities analyst; first last and always. Nobody uses me. I do my research; make my judgements and move one. I've had 3 contacts with MVSI in the last 6 months--each time I learned very little. So I use other sources. This company is a buy; now that I see that they have realized that they need to dump MVS. The IT progress from a profit standpoint is not a surprise given they just invested a ton of money to upgrade Socrates. So I expect the stock to pop when they announce the end of MVS--then the analyst community cna evaluated MVSI as an IT/Y2k company as opposed to a mixed bag. Buy--hold---this is not a short-term trade. I like the fact that they have plenty of capital and no long term debt. The general obviously called the warrants knowing that MVS was heading south; and when he spoke to Ben--he probably was thinking he did not have to do it. When MVS is gone; take a $3MM write-off or so to get rid of it. Show $1MM in operating earnings from the IT businesses per quarter and then you have $4MM earnings or $.30 per share on an operating basis and a stock price in the $12 range. It will take time. I dont expect much analyst coverage until MVS is gone.

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