FRANK, I totally disagree with your pessimism and valuation...
1) I still maintain that IMO, the net earnings per share for the year ended June 1999 will be around 30 cents, based on: the rapid growth rate; the expanding marketing strategies; the quality of the management team and the simple fact that to duplicate software that has already been developed to feed an expanding market cost next to nothing and quickly adds to the bottom line.
2) If you check Yahoo, you will discover that the average PE for "computer software companies" is just over 50. So when I assume 30, I am being very conservative. Therefore, I maintain, (for my own use and in my humble opinion) my valuation of $9.00/share by mid 1999. Also, remember that they are buying back $1 Million worth of shares, which is unheard of for a company that size and shows great confidence in their future and Business Plan.
3) Disclosure: Bought 7000@2.65 + + + Sold 4000@5.65 + + + Long 3000
4) I become "hard of reading" when you indiscriminately use CAPS ON, when they should be used sparingly to highlight a POINT!
Happy investing. Regards, F. Goelo + + + |
