Joe, Just for the record , it was SEEC's CFO Rick Goldbach who was quoted by Reuters that "he was comfortable with analyst estimates for the fourth quarter of $.14 per share." Safe to say, IMO, that CEO Ravi Koka is also comfortable with $.14. Best I can determine, "comfortable with" has been used as code words by Ravi for "we'll beat." By the way, the analyst at $.14 is UBS Securities. The fiscal year will come in around $.44. Hmmm, trailing PE will drop to about 34. (While revenue and earnings growth continue at triple digit rates!)
You also asked in an earlier post if SEEC had initiated price increases during the current quarter. The answer is yes. Big yes. Thanks for asking the question because I checked my notes from the January 15th conference call which clearly noted that Ravi stated prices had just been raised 40% to 70 %. (Only exception was Intersolv which were not raised until February per a contractual arrangement.) Wanted to double check my audio tape of the call and ended up listening to the entire tape. Wish I had time to post the highlights. There is so much in the call to support the thesis that this company is truly the best performing of the best y2k tool companies. Also confirmed the price increase numbers. By the way, SEEC also has a vision and a plan for post 2000. It's big time IMO.
I'm disappointed, along with the rest of the shareholders, in the stock's recent performance but just remember the game is to buy low and sell high. The chance to buy low is here. IMHO opinion, the current disconnect of the stock's price from the company's performance confirms the inefficient market theory and represents a great opportunity for those who understand and believe in this company's future.
I'll be on the road for the rest of the week, but I'll be watching.
Ron Sirch |
