CBSI-complete bus. solutions. new y2k play! Message Board

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Technology Stocks : CBSI-complete bus. solutions. new y2k play!

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To: Mohan Marette who wrote (411)	10/22/1998 10:00:00 PM
From: Ron Kline	Read Replies (1) of 506

Mohan, I like this company because I've been following it for about a year and have watched the earnings and stock movement. This was a company that everyone wanted to own because their earnings were so strong. Most people never got into it because it always seemed so high. In the last 6 months it has all changed and the company I would say is more than average risky to own. I do not base any of it on fundamentals which I have been more than satisfied. It's just the stock has become much more unpredictable. That said I bought the company this year around $23 during it's first big correction and sold it about $30. I tried to hold on to it because I thought it was to breakout to new highs. That didn't materialize and I wanted a profit so I took it. I recently bought it again a little under $20. I think that everything is on track with the company and so I see a minimum that we see $30 in the next 6 months. At that point I really want to see the earnings and how the market handles itself in in coming months. If the market turns again strong I expect CBSI to outperform the market based on the consistency of earnings and the past movements of the stock. As far as Y2K is concerned I really am not focusing on companies that address this issue, but I do think it will be a lucrative business to be in at this time, especially if the economy does not go into recession. If the economy is good companies tend to not worry and hire consultants, if things get bad (which I don't believe to be true) then companies can do inhouse work and try to get by cheaply. I really am more interested that this company has a plan and they follow it. I'm looking for companies that are growing quickly, but more importantly they have a handle on their earnings each quarter. I've never seen CBSI disappoint in earnings, only in the stock price going down. I normally do not buy weak companies like CBSI but I just feel that this one is worth gambling on. Lastly, the company repeated many times saying that he does not understand why the company stock is so weak. He was buying around $25 after the first big correction and I believe he continues to buy the stock lower. They seem to imply that they see the stock as a good longterm stock to hold. Yahoo used to have the insider part for the stock but has dropped it so I haven't been current on that for a couple of months at least. Ron

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