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Technology Stocks : Datastream Systems, Inc. (Nasdaq: DSTM)

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To: TimeToMakeTheInvs who wrote (575)4/12/1999 12:22:00 AM
From: M. Carver  Read Replies (1) of 721
 
TimeToMakeTheInvs (and all others),

I would welcome any opinions on why (or why not) right now would be an excellent time to buy more DSTM. With the price at $7.75 (within a point of the 52 week low) and the earnings for Q1 coming out in a few days (on 4/22), this seems like a very good buying opportunity.

My best guess is that they will at least meet, if not exceed, expectations here in April. I have reviewed several recent research reports, and they all seem to have a common theme:

InterState Johnson/3-10-99 update/Strong buy when it was $9.25
Hambrecht & Quest/2-7-99 update/Buy when stock was $11
Robinson-Humphrey/3-15-99 update/Short term target price of $20

Price targets seem to range between about $18 to $22. Recent stock buyback was good news. Improving balance sheet and reduction in DSO. Perhaps this is the quarter that helps to bring back attention to the company. Comments?
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