Amy,
Thank you for that complement.
I beg to differ on your thinking about getting your family in a "hole." I think you have them in one of the greatest positioned companies for growth around. EGAM has just been messed with on people looking for a quick buck, that didn't even reserach the "real" EGAM.
Hopefully, you based buying this company on your own descisions and research. It is always nice too see others opinions, but never base an investment just on that.
As you can tell, I am very optomistic on this stock.
I just got the Annual Report in the mail on EGAM (ROMT) today. I have been carefully examining it, and I have to say, EGAM is one very clean company that has a very bright future.
Here are some interesting facts I found:
EGAM has over 10+ retail channels for distribution. All are national chain stores that I have mentioned a thousand times.
On August 14, 1998, EGAM bought ourt Software Partners, in the UK which will soon strenthen their pull in the UK, thus increasing sales. By now, everything should be worked out and working torwards increasing revenues.
International sales account for 8% of sales and are projected to by 15% of sales in 1999.
The products are sold in the US, Austrailia, Beligium, Brazil, and all the way up to Venezula in the alphabet.
Negotiations are in the works now to distribute through retail channles the products in Argentina, Chile, France, Germany, Portugal, Spain and Scandinavia.
"With a global distribution network already in place, we should enjoy steady growth in internaitnoal sales as PC and Internet use in these countries grows in the years ahead." From Annual Report.
Obviously, the EGAM website as not included in the Annual Report, so that will definitely increase its worldwide presence.
"The US market for software sales online will grow to $2.3 billion by the year 2002 from $69 million in 1997 with a special focus on value-priced software." BT Alex Brown (sounds a lot like EGAM, huh)
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Amy, you have invested in a company, that in 1997 was losing around $2 million, now they are expected to make $.40-.50/share this year, up from $.18. Personally, I feel that by the end of the year, they will surpass this, because of the growing value-priced market and the great new website (intrinsic value in the name).
With the internet stocks doing so well and the all around market, after it gets done with the blood bath, if EGAM could report around .40 or so per share earnings, then EGAM could easily be $100 stock. Look at EBAY, or any other stock..They make .02/share and has hit $350/share!!!
**Did you read my overview of EGAM a few posts back on the other EGAM thread? I covered a lot of ground with it.
I truly beleive in this company and feel it has a bright future with the excellent business model and great management.
Give it time to get passed these recent confusions and then write me and email!
Best of Luck,
Matt
P.S. I am sort of heavy in this stock personally.
techstocks.com
And if EGAM for some stupid reason begins to drop in low 3's, I will probably sell my CNET and throw in a few $$ I have a cash to load up more. |
