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Technology Stocks : TouchStone S/W (TSSW)
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To: Bayclipper who wrote (2178)8/15/1998 8:49:00 AM
From: David Alan Cook  Read Replies (2) of 3627
 
Gordon,
As I have stated in my prior postings, I am working much longer hours at my new job in Wash DC. I usually post on either the weekend or prior to 0600 or after 1900.
My reasons for buying TSSW were/are the following:
1) Turnaround Pick: Company has new products which could result in significant growth. Net Optimizer is one product . . . the company's new checkit with year 2000 plug is another. . . e.support has the potential but has yet to develop.
2) Company has lots of cash and investment on hand relative to the share price. Per last press release, Company remarked that they have $10.870 Million in cash and investments with 7.939 million shares outstanding.
* 10.870 / 7.939 = $1.37.
* Stock sells for $1.28
* Company has no bank debt
3) Company financial ratios are strong using standard industry measures such as Price to Sales, Price to Book, LTD to Equity, Debt to Equity, Quick Ratio, Current Ratio. etc.

I am disappointed in management's inability to turn the company's operations around thus far. HOWEVER, I do believe that the company has the potential for big gains. It has lots of cash and no bank debt, good products etc. A new CEO will be announced soon. It is in the company insider's best interest ( they own about 21% ) to either find someone with the skills to turn the company around or to sell this company to a larger more capitalized company that can spend the dollars necessary to market the company's products.

DC
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