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Technology Stocks : Navigant International (FLYR)
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To: Henry who wrote (469)2/24/1999 5:27:00 PM
From: Lane Hall-Witt  Read Replies (1) of 725
 
This information was in the earlier reports and I'm sure was factored in long ago. FLYR has been up front for months (read the transcript for last quarter's conference call, for example) about the charge, which is a non-recurring charge to add back-end efficiencies and integrate acquired companies. The problem with this article is that it does not include a footnote explaining the charges, as other financial charts have.

The lack of immediate interest is disappointing, but we can take heart in the fact that we're holding a growing company that is undervalued by any standard valuation measures. Also, there are more "catalyst" events on the near-term horizon: ongoing ramp-up of Internet strategy (with announcements forthcoming as development goals are met) and the process of expanding the credit line and making acquisitions.

Despite the price action the past couple of days, I don't see any reason to lose confidence in the company and its prospects.
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