Specifically in the case of CHRZ, the 1999 estimates are dropping over the past 3 months. People are trying to avoid another CTAP debacle IMO. Good for you if it survives.
CHRZ has confirmed that they will meet estimates this Q. What has killed this stock is the fact that growth rates are slowing from almost 50% to around 25%. With a p/e of 7 and a book value of $7.41, it's a bet I'm willing to make.
As far as them surviving, here is a paragraph from their website that is relevant.
>>Our client roster includes more than 1,600 of the world largest, most technology complex corporations. We serve the financial, healthcare, manufacturing, retail, communications and energy industries as well as government agencies. The world's largest insurance company, largest financial institution, and largest telecommunications service provider are among our clients. Computer Horizons has been publicly traded since 1972.<<
I agree with your assessment of the sector, however CHRZ is phasing out Y2K (less than 18%) and focusing on ERP, internet and E-commerce.
Time shall tell how this all pans out.
Regards,
Bill
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