While investor psychology may have temporarily(?) turned against Y2K stocks, as exhibted by your JJ quote, you conveniently ommitted the analyst comment that contradicted your analysis of TAVA as a fraud.
"But there's more to Tava than Y2K.
"Tava is a little bit unique," said Russell Welty, senior research analyst with Hanifen Imhoff in Denver. "It got painted with a broad brush of being a Year 2000 provider. But the reality is they have a good, solid services business."
For the fourth quarter ended June 30, Tava reported record sales of $14.9 million, up from $9.6 million for the same period in 1997. The company also reported earnings of $605,000, or $0.03 per share, compared to a loss of $3.2 million, or $0.28 per share, for the year-ago period. This was the second quarter ever the company was profitable."
With or without Y2K, JJ is increasing revenues and turning this company around. And if Y2K turns out to the "non-event" you claim (and I hope it is), TAVA will reward long-term investors who realize that the the company holds long-term potential in the system services business.
Regards,
Ron |
