Breeze, This question was answered JUST ONE WEEK AGO! Remember this post??:
To: JRR4 (3015 )
From: R. Gates Tuesday, Jul 7 1998 3:54PM ET
Reply # of 3110
Finally got a hold of TSIS IR myself. Here are the answers to my questions: from Larry
1. NASDAQ 100 trial not connected with the Intel deal.
2. No comment on Intel deal itself. To quote Larry "when it's released it will be released" TSIS is trying to reduce speculation.
3. Outstanding shares are about 29 million or so-- less about 3 million restricted. Float was stated at 14.5 to 15 million.
4. The previous estimate of float was based on old information. The newer numbers are based on the latest info.
5. Company is NOT selling any more shares.
6. Company plans to maintain shareholder value while being prudent in its use of cash for expansion.
7. Company is hiring and expanding it sales force nationally.
8. Some contracts are already exceeding their anticipated revenue flow to the company.
9. There are many new clients coming on board, but the company will be judicious in its use of press releases announcing these clients. Sometimes less is more.
10. TSIS will look at it's PR firms policies in regards to certain brokers getting info before everyone else.
11. Current stock price is at a stable level. Larry said future good news and earnings would "make it difficult" for it to stay this low.
Overall, I think Larry (as usual) answered all my questions very straight forward. Except the Intel issue. I sensed that Larry had news he wasn't telling me. I'm glad he didn't. He was honest about wanting to slow down the speculation. That's a good thing.
I think the bottom line is that TSIS seems to be adding more new clients at a faster rate then ever before. The bottom line to all this is that TSIS clients are high profile companies that TSIS is fortunate to be rubbing elbows with at this stage in the companies growth cycle. This quarter (May-July) and next will define what we can expect from TSIS in terms of the bottom line.
Nothing I heard today changed my positive outlook for this stock. TSIS is not a stock to day trade or speculate on. It will reward you well as a longer term investment. Increasing earnings and new clients are setting the stage for what I expect to be some significant increases in stock price over the next few quarters."
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That was the status just a week ago and things have not changed since then. How often do we need to keep answering these same questions? I think the bigger question will be what sort of improvement we will see in the current quarter and next quarters earnings. All the new contracts we've seen are great, but no one really knows, not even TSIS, what these contracts will mean to earnings. That is what many truly long term investors will be most anxious to see. Sure the float is important, to a point, but if earnings begin to really roll in, as many anticipate they will, the float will evaporate like a drop of rain on a Dallas sidewalk in July.
Best Regards,
R. Gates
AND GOOD TO HEAR FROM YOU AGAIN BARBARA! GLAD YOU'RE STILL ON THE PLANET! |
