Programmer's Paradise (PROG) Message Board

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Non-Tech : Programmer's Paradise (PROG)

PROG 0.146

+6.5%

Jun 13 5:00 PM EST

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To: ria who wrote (226)	1/8/1999 7:24:00 PM
From: joshi	of 235

ria, I Agree!!! Usually companies trade at market caps many times sales but this one is opposite!! Thats why i couldnt figure out wht it was so cheap. .27 X sales is Totaly CRAZY!!! Then I read the 10Q. Here is what I found. Gross Margins are currently at 87%. that means that out of 230 Mill in sales, 29.9 Mill is profit. WE must take into account the margins for online sales. I dont know what they are so the 29.9 might vary a small amount. We also have to remember that this company dosnt make the product they resell it. An Important note is that the WEB was not a factor before and now it is. The stock does not reflect the web potental. I suppose this potential could be upwards of 10 -20 points once the actual sales via the web come out. Cost of Operations for 9 months $4,507,000 Assume 1.5 Million for the last quarter 5,134,000 weighted average common shares outstanding Misc Findings During the current period, the Company announced a plan to reacquire up to 5% of its outstanding stock. As of September 30, 1998, the Company had reacquired 75,000 shares which are classified as Treasury stock on the accompanying Balance Sheet. More to come, Time for me to eat....

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