Stock Watcher's Thread / Pix of the Week (POW) Message Board

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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)

VEEV 239.88

-0.4%

12:59 PM EST

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To: Stock Watcher who wrote (7788)	5/1/1999 9:55:00 PM
From: Francois Goelo	Read Replies (1) of 52051

S.W and Sandy, fundamental analysis of VSAT. The more I look, the more I like... VSAT is actually quite a safe investment with excellent growth potential. It suffers only one draw back: the management's inability to tighten collection of due accounts. This can be remedied and I am willing to talk to VSAT's CEO, Mr Dankberg, with a view to improve the situation. It is not tolerable for a Company with a Market Cap of 73 Millions and total asset base of 48 Millions to carry 18.3 Millions in receivables. Having said that, this is a hell of a strong Company (certainly when compared to the OTC-BB Internets I am used to, and a lot easier to research). Actually, I haven't looked into a real Company in a long time and my head feels dizzy. Here are the statistics: O/S: 8 Mil.+ Flt: 5.2 Mil.+ Mkt Cap: only 73 Mil! + Assets: 48 Mil.+ Liabilities: 14 Mil.+ Current ratio: 3.5 + Revenue: 53 Mil.+ Trailing earnings: 4.4 Mil.(+19%) + Return on equity: 19% + Price/sales: 1.05 + $12.5 Mil. cash on hand and the stock sells at about twice Book Value. Not too shabby! Clincher: Projected 1999 EPS: 80 cents and current PE: 12.4. Now the average PE for this sector is 44. If we applied this PE to the stock, and why not, we are looking at a share value of: .80 x 44 = $35.00!!!! biz.yahoo.com YES! this sock seems way undervalued and we could be looking at a doubling or more of its price short term. In fact to help make it true, I'll take a position on Monday. Regards, F. Goelo + + +

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