CheckFree Holdings Corp. (CKFR), the next Dell, Intel? Message Board

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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?

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To: HRM who wrote (2101)	1/30/1999 12:31:00 AM
From: HRM	Read Replies (1) of 20297

A bullish signal? moneycentral.msn.com Changes to Jubak's Picks Sell CheckFree Holdings (CKFR) For weeks, it's been rumored that CheckFree Holdings ("Hands on the Levers") was about to sign a contract with a major Internet player and put its billing and payment service on the Internet. That story has been driving the stock, up 90% in the last month. The company's Jan. 26 earnings report at least partially solves the mystery. Way down in the press release, there's a very curious paragraph stating that the company has signed a "material" Internet distribution contract. The Atlanta Constitution and The Wall Street Journal have reported that the deal is with Yahoo!. The stock is now way above my $25 target and even with the rumored deal, it's also way ahead of the fundamentals. CheckFree reported a break-even quarter, about what analysts had expected, and revenue growth of 23%. The important number -- new subscribers to the company's electronic billing and payment service -- grew by just 5%. CheckFree remains the leader in the electronic bill presentment and payment industry, but actual business momentum in that industry remains sluggish. I'm going to drop CheckFree out of Jubak's Picks with a 60% gain since I added the stock on Jan. 30, 1998 at $24.75.

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