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Technology Stocks : Pomeroy Computer Resources

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To: Christopher Brainard who wrote (142)2/25/1998 3:11:00 PM
From: mark bailey  Read Replies (1) of 181
 
Hi Chris-
I had a price range of $25 by March and $30 at year end. I can see a near term (12-18 month) price of $40/share. I can't remember all the numbers that I used to make these estimates but it presumes no margin erosion, market doesn't collapse, and they continue their growth thru internal growth and consolidation. The thing that still worries me is their cash position was really weak by late last year. If they have to raise capital with additional stock it will hurt the price near term. Any comments on their cash position and cash flow would be appreciated.
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