MGMA is in a position to make you a lot of money Message Board

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Microcap & Penny Stocks : MGMA is in a position to make you a lot of money

MGMA 0.400

+399,940.0%

Mar 7 3:00 PM EST

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To: Walter Morton who wrote (70)	1/5/1999 2:12:00 AM
From: StaggerLee	Read Replies (6) of 175

Ok. I'm back looking at MGMA again. I like the prospects here. First there's the growth story. Revenues are growing 40% a quarter, sequentially. This is AMAZING. Their product line is extremely well suited for the internet. They have a new CEO. PE is only 14. Book value is $2.32. Revenue per share is $3.96 and the stock's at $3 1/2. This is an internet stock trading at less than one times revenues, and growing like crazy! The sleeze factor certainly doesn't help them on Wall Street. I can't imagine any fund manager going on TV and recommending this stock. They earned $.10 in the first quarter (August). If they do $.50 this year (and that seems conservative to me), the PE is only SEVEN. This could be a $20 stock in a few months. The momentum for the last 3 months has been solid. I like it.

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