SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Pomeroy Computer Resources

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: mark bailey who wrote (143)2/25/1998 10:27:00 PM
From: Jim Babcock  Read Replies (1) of 181
 
Cash position is $0.01 per share. That is pretty miserable, however, it's also a positive. They keep pouring money into expansion of new territories. It sure appears is if Dave knows what he is doing. If you watched the stock following the past two splits, it has acted similarly. A run up prior to the split announcements followed by a mini crash. Then about 8 months later, it blows past pre-split prices by about 50%. With that in mind, PMRY should be sitting at 45 by August. Using your estimates, that is not unreasonable given their growth rate. By the way, out of the big 4 or 5 computer integration service provides, Pomeroy kills the others on margin (PMRY is 3.3% verses less than 1% for all others). So Dave has definately figured out this game.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext