PROGRAMMER'S PARADISE (PROG) Message Board

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Technology Stocks : PROGRAMMER'S PARADISE (PROG)

PROG 0.146

+6.5%

Jun 13 5:00 PM EST

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To: Crossy who wrote (25)	1/9/1999 11:02:00 AM
From: Zeev Hed	Read Replies (2) of 2383

Crossy, I think that you are talking about trailing PSR, and even these are closer to .33 (75/232). 1999 PSR, I believe is currently .25 (I am assuming sales of $70, $75, $70, and $85 MM in the next four quarters, or $300 MM, which I strongly believe to be conservative, I am taking a dip in the third quarter because a lot of their sales (66%) are in Europe and Europe goes to sleep in July and August). For a company having a growing web sales presence, this PSR is ridiculous. The PSR should be at least (if not more) that of EGGS which is currently around 2.1. Zeev

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