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Gold/Mining/Energy : SLMSoft.com Inc.
ESP 54.92+3.2%3:56 PM EST

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To: Mike Jubian who wrote (2)12/2/1998 11:29:00 PM
From: Fass99  Read Replies (1) of 152
 
I've followed this company since it IPO'd in '97. Picked it up back then in the low 9's and sold close to the high of 15. Picked up another bundle in the tumble phase and still have that kicking around.

Basically, the stock got knocked by three forces beyond its control:

(1) The punishment of smaller caps in Canada that began in the 2Q of this year;

(2) The "acquisition indigestion" drag (SLM has had a string of them over the last year.)

(3) The Asia and Latin America situations. SLM has deals in those parts but not as great as the markets portrayed.

This is a nice company to sweat out for a few months. I'd be really surprised to see a move back down to 4 barring some unforeseen event.
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