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Strategies & Market Trends : CANSLIM - COAST TO COAST

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To: Harold who wrote (4527)4/1/1999 1:31:00 PM
From: Jeff Mulder  Read Replies (2) of 6445
 
Yeah, I saw that. This weekend I'll have to look into what allowed them to do that.

I'm glad to see it go. But I doubt it will have much short-term impact on the stock price. The big money knows the business hasn't changed any, just the symbol.

A four-letter symbol requires compliance with U.S. accounting practices. This will give money managers greater confidence in the information SPNS releases. The combination of continued good numbers and greater confidence in them should drive the stock price to a higher multiple over time.

- Jeff
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