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Gold/Mining/Energy : GPW Group West Systems Ltd. (Year 2000 Software Company)

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To: Mr. Forthright who wrote (642)5/7/1998 8:31:00 PM
From: RBMac  Read Replies (1) of 1443
 
1. GPW value is based on future sales and earnings.

2. There is a big market place for Year 2000 conversions.

3. There is likely to be fallout from non-compliant companies post 2000, thus there is a market there.

4. The company is not only Year 2000.

5. The company is attempting further diversification.

6. The company is growing contract handling capacity thru acquisition. This will allow for a bigger market share, higher sales, and if efficiencies are maintained or increased, increased earnings per share.

Sure, many high tech companies - even the big ones - seem overvalued if you are looking at Share Price ratios with Earnings, Book etc.

If you are looking for closer pictures of 'value' look towards Banks and other Blue Chips.

If the company can't show consistent growth in sales then, yeah, she'll tank. But even if there are dips in smaller than expected growth the long wave will rise. Anyways, nothing is for certain.

I was suppose to ignore you. Must be the hockey that is distracting me.
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