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Technology Stocks : ASDV- Aspect Development-THE NEXT MSFT!

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To: chini who wrote (197)10/22/1998 5:11:00 PM
From: Golfinginthesun  Read Replies (1) of 414
 
Hold. Buy more if you have any cash that you consider to be for risk investments. Currently, the stock is being flogged along with the remainder of the software (specifically client server) industry. Peoplesoft's recent bad news is holding back the rally that was starting at the beginning of this week. If we had not had that I would have expected a strong week whereas now we are just in a holding pattern. It may well take until January when the full year's earnings will be released for this stock to truly take off again. The reason I state this is that the P/E is overstated in most traditional calculations due to the loss taken on with the acquisition in Cadis. The 4th quarter EPS and therefore P/E will not reflect Q4 of last year and that would put this company at a low P/E of about 35 (assuming .15 cents diluted for Q4). Considering this company in a good market trades at 100 times an annualized P/E based on the current quarter of 100, there is serious room to move up for this stock on just a 3 month hold. As the revenue and earnings are projected to grow at a 50%+ clip over each of the next three years it still has some serious legs going long as well. Good luck.

I traditionally have follow this stock on Yahoo but recently have logged onto here. With the more secure identity verification I find that these boards tend to have less of the inanity that I find annoying on Yahoo. However, if you would like a good understanding of why this stock is where it is and my take on where it is going I suggest you look for that insight on Yahoo and I will be posting more on this board going forward.
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