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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)
VEEV 240.29-0.2%Nov 28 9:30 AM EST

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To: Stock Watcher who wrote (3751)3/6/1999 9:47:00 AM
From: Francois Goelo  Read Replies (1) of 52051
 
S W, I just reviewed EGAM's Web site: what a great Company at bargain price!...


I just checked their well designed site and their clearly laid out financials. Great stuff, that inspires confidence!!
Now, IMO, this is a very well run Company with net earnings for the full year ending June 99 estimated at around 30 cents/shares, which at a conservative PE of 30, should give a valuation around $9.00/share. Yet, it just closed below $3.00!
In addition, it has a shares buy back plan for one Million Dollar and my guess is that they must be accumulating now at this ridiculously low price.
Let's hang on tight, call the certs or ensure that shares are kept in a CASH ACCOUNT, NOT a MARGIN ACCOUNT, (as there is concerns about the shorting) and ride the stock up. I know I'll be buying more on Monday.
Disclosure: Bought 7000@2.65 + + + Sold 4000@5.65

Regards, F. Goelo + + +



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