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Technology Stocks : FTIC - Forensic Technologies

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To: wpckr who wrote (82)4/28/1998 1:09:00 PM
From: David Rubin  Read Replies (1) of 118
 
I agree, great report. Once again they beat the estimates, this time by 10%.

Market doesn't seem too enthusastic but I'm not worried. FTIC was one of the few stocks that actually finished higher yesterday, which is a very positive sign. It looks like the stock price has already factored in the positive report.

On the negative side, growth has substantially slowed from over 200% last quarter to 72% this quarter, and sequential revenues are down slightly. This seems to confirm that last quarter was an aberration. This lack of consistent growth might keep away some investors on the sidelines, especially now when the threat of a market correction is very real.

Still, FTIC now has a trailing PE of 25 which is below the market average and well shy of their growth rate. There is plenty of room for this stock to go higher. If the market does enter a correction and FTIC falls, I would see it as a tremendous buying opportunity.
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