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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON?
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To: Loren S. who wrote (3216)7/23/1998 7:35:00 PM
From: jmt  Read Replies (2) of 6931
 
Loren:

A reverse splits is not in itself a bad thing. It gets a bad name because most companies who enter into reverse splits got there because the company fundamentals were poor, and the reverse just added the perception of more room to go down with the deteriorating business.

If a company has good fundamentals, they will tend to trade with a market multiple (P/E, P/S, P/B etc) of its peer group. Given TSIS is in this camp, a reverse split would not hurt. The example provided of U.S. Filter is an excellent one. I would not be upset at a revrese split here.

If the company can sustain 10 cent annualized earnings and a P/E of 15, the price would be $1.50. If there exists pressure for a Nasdaq listing, a reverse may be required.

But if margins are high, growth is strong and earnings can be forecast at closer to 30 cents, they may make it on their own.

Here's to wishing (with no evidence yet to support) the latter.

jmt
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