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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: Logain Ablar who wrote (12156)7/1/1998 11:09:00 AM
From: P. Ramamoorthy  Read Replies (1) of 13949
 
Hartford Area? that part of Connecticut is full of insurance companies. CMND does well with insurance companies. Guess what? Insurance companies have to send out policy renewal, etc. well before year 1/1/2000. That means they will need to be y2k-compliant soon. With the project oriented approach CMND has taken, CMND is in control of the y2k projects - bigger budgets, bigger % of profits, etc.
About earnings - they have 21 Million in cash. Even at 5% interest rate, that cash will earn $1.05 million/yr or 26 cents/qtr. If the share outstanding is 6Million, that gives (26/6) 4.3 cents/share. They reported 4 cents for the last qtr. Are they sitting idle for the last 3 months? Even if earned 2 cents/sh, that puts it at 6 cents/sh, 33.3% increase over last qtr. The key here is the small float. As the earnings/share goes up, the stock price will go up fast. These are estimates. Ram
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