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Technology Stocks : Best Software (BEST)

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To: James H. Irwin who wrote (16)	12/28/1998 10:57:00 PM
From: James H. Irwin	Read Replies (1) of 24

Here we go again...doing my usual due diligence I noticed this post and thought I would bring it on home... Here is the URL: techstocks.com and the spiel on BEST is as follows: <<Steve Kensinger of Wilke/Thompson Capital Management provides the following stock idea on Best Software (BEST 20 3/4). Below is the write up. Best Software is a maker of accounting and HR (Human Resource) software to small and middle size companies with over 40,000 customers. Like most stocks in the current stock market environment, Bests' stock has been volatile. Their shares slipped from a 52 week high of $28 in November to $18 recently and has started to move back up. "Best has been a successful company and has a good reputation for their software," says Steve Kensinger of Wilke/Thompson Capital Management. "They are piggy-backing on the success of Microsofts Windows & NT and are compliant with those platforms. As the NT next several years, so should Best's sales of its application software." He notes, Microsoft NT based servers are allowing small and mid-size businesses access to computing power that was only previously available to larger corporations. Steve thinks they can grow in the 25% range during the next 3 to 5 years Best has a line of new software packages coming out that will allow more functionality. "This new software will allow them to move upstream into larger businesses," says Steve. About one half of Bests' revenues come from software license fees. The other half of revenues come from maintenance fees for contracts and are typically renewed. So, there is a recurring revenue stream that is consistent. According to analyst estimates, Best is expected to earn close to $0.90 in 1999 versus projected final earnings of $0.69 this year. Steve thinks they can grow in the 25% range during the next 3 to 5 years, with their stock hitting the mid 30's within the next 12 months. >>installed base grows, which it should dramatically over the Maybe its time to revisit this puppy...made a nice 6 figures on it last year...! bonne chance for all you out there!

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