Check out GIB.A and LGS.A. They are both listed in Montreal. The first one has had a great move to $11.00 and is now trading at about 1X sales and a PE of about 30. I may sell soon if it turns down but for now I'm holding, who knows? Their contract with IBM (a joint venture involving Y2000 consulting) may propel the stock higher. The other, LGS, is at $4.25, PE about 30 , pays a small dividend and has a market value less than half its sales (under 100million). Here's what LGS says about Y2000. Check them out (www.lgs.ca):
"U.S. experts, such as Gartner Group, are already predicting that, on a global scale, this effort alone will cost from $400 to $600 billion between 1996 and 2003. Moreover, there will be a shortage of specialized human resources from professional services firms such as LGS to meet the demand. Hence, here is an immediate opportunity where LGS has quickly positioned itself by joining forces with Peritus Software, of Billerica, Massachusetts, which has designed computerized tools to facilitate the work of our specialists. Already, several major institutions have awarded LGS contracts valued at several million dollars to handle this issue, and we plan to increase our resources in this field to meet market needs."
----------------------------------------
Is anyone else following LGS? I think that if this company was listed on NASDAQ it would be flying high. Seems undiscovered to me. Hence an opportunuty. |
