g'day all - dear Mark, I noticed that too. However, I'd attribute a good portion of it as a one time setup cost. Therefore, while systems revenue and cost of revenue have gone up proportionately for the past Q [rendering margin to be neutral,] the margin should improve as the nonrecurring overhead is in place. Let's hope that is the case.
Yes, Brite's ability to replace the sale of electronic publishing biz with new service revenue is a good omen.
Personally, Brite is right now a better performing stock for me in my sagging portfolio, so I intend to hold it. However, I think 14 is the magic number. If it is taken out with decisiveness in the near term, it should be a BUY [and not SELL] signal. Else, if one is looking into using the money for better use, and if Brite cannot take out 14 quickly, then one may want to sell at any sign of weakness
[speaking of internet stocks, should have followed my SI cyberfriends to get some - of course, by the time I were desperate and greedy enough to do so, I'd probably hit the top <sg>]
best, Bosco |
