To: Rande Is who wrote (13520 ) 10/15/1999 5:07:00 PM From: KevinThompson Respond to of 57584
Yes, LOL... I'm only up to five bucks per kid per trip down the hall, but I'm sure the day will come... Re: UIS; I have looked fairly closely at the fundamentals. I am impressed with what they've been able to accomplish in somewhat of a relatively short period. A couple years ago they had to make some tough decisions and cut a lot of expenses. A friend of mine worked for the company at the time. Needless to say, he was part of the cut. They do have lots of contracts and they are substantial. They are a real corporation doing real business. The recent stock price crash we've witnessed is characteristic of high-flying volatile inets and startups in new technology. The price performance is so very out of place for this type of company. Interesting that we haven't heard much from the 8 or so anal-ysts with the "Strong Buys" yet either. (This further leads me to believe that this is way overdone and probably very contrived.) I feel there is good risk / reward ratio at these levels. At least good for a few points in the short term. But in the larger market, who knows - could be a good long term hold candidate, or Big Al could throw up on us again at any moment. (I use big Al metaphorically for any number of potential hazards awaiting us out there.) Looking at the UIS chart, just around this time last year, they had another major spike / correction very similar in magnitude to this one. The spike down only lasted a day or two. Even if I have to hold longer than I intended, I suspect the price will come back as gains from where I'm at cost averaged right now. PE now at 15, Price/Book at 7.43, Price/Sales less than 1.0 - isn't the current market price a little out of line? That's what I keep thinking. Best Regards, KT