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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: kendall harmon who wrote (65456)	10/9/1999 2:45:00 PM
From: lee kramer	Respond to of 120523

Kendall: I really don't understand the industry and PSIX's strategy way well work out swimmingly. But I blanche when I read that they bought 50 companies in 50 countries in 20 months. Kinda reminds me of those package travel tours where in 8 days you visit 9 countries. The numbers look good, but you don't come away knowing a hell of a lot about any of those countries. 50 acquisitions in 50 countries may turn out to be a managerial nightmare. I'm also reminded of the businessman who lost $1.00 on every sale but wasn't worried, saying "I'll make it up on volume." PSIX may become a monster money maker in the future, but for the time being I'll keep shorting it on any strength. (Lee)