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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: Nanda who wrote (10969)4/15/1998 9:31:00 PM
From: paul e thomas  Read Replies (2) of 13949
 
NANDA, With todays close my portfolio is up 19% in the past week As both IMRS and SYNT are on the way to new 52 week highs. This very strong price performance caused me to reexamine whether these stocks really deserve the price strength accorded them. I decided to particularly study IMRS as it is a much larger % of my holdings. I also have access to data on it in the Morningstar Stock TOOls software. This software permits detailled fundamental analysis of the 8500 stocks in the data base(SYNT is not included).There are 573 stocks with a PEG > 2.3 which is the IMRS value as of 3/31.OF the 573 only 18 have a forecasted mean EPS growth rate equalo or greater than the 43.6% forecast by 3 analysts for IMRs.12 of the 18 stocks are business service providers within the broad technology sector.The historical financial performance of IMRS over the last 6 quarters is unmatched. IT currently is tied for the best net margin.the most consistent qurterly EPS growth, the best recent quarterly revenue growth rate, and the 2nd best net earnings quarterly growth rate.
The price appreciation of IMRS puts it in the upper 1% of all stocks. This puts it in the same leaque as the hot internet stocks which get much much more media attention than any of the Y2K service providers.As of 3/31 IMRS was in the upper 13% of all stocks in terms of year to date price performance.
MY CONCLUSION IS THAT IMRS IS CURRENTLY A NEARLY PERFECT PLAY FOR MOMENTUM INVESTORS EVEN WITH IT'S LOFTY VALUATION. I AM SURE THE SAME IS TRUE FOR SYNT,CBSL,MAST, AND KEA.
This analysis makes me feel comfortable in my belief the Y2K service providers are capable of considerable future price appreciation for a number of quarters.
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