Keane The leading y2k service provider Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Keane The leading y2k service provider

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sun Tzu who wrote (1158)	4/27/1999 1:42:00 AM
From: Mark Marcellus	Read Replies (2) of 1316

I am very interested to hear the bearish case I bought Keane a couple of weeks ago so I'm not sure I could put forward a bearish case, but I do have a couple of concerns. First, before Y2K began in earnest, profit margins hovered around 5%. In 1997 it went up to 7%, and it's been double digits ever since. As the Y2K business winds down, I will be watching very closely to see how this affects the margins. Second, the founder and CEO is 67 years old. He also has two sons in upper management. As far as I can tell, the company hasn't said much about succession plans. One person claiming to be a member of Keane management posted on line that John Keane is not planning to retire for at least 10 years and is in excellent health. Be that as it may, excellent companies have been known to fail due to succession problems, or when a founder has stayed on too long. Those are the only significant negatives I can come up with. I don't think either is serious enough to discourage one from investing in the company, especially at these prices. FWIW, Mark

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next