To: kendall harmon who wrote (73999 ) 12/2/1999 10:45:00 AM From: Jenna Respond to of 120523
Earnings Play for the thread: SORC.. A really nice stock here with both a relative performance and technical rank over 80-85. Its in a strong uptrend..Trading above its 20 day moving average. The buy was at 14 1/2 but it still should move higher as its reporting next week. Volume indicators are showing a nice money flow there. Earnings out December 9 BEFORE the open. Not a glamour company like AGIL but remember VSH, CELG, CPRT, were not either.Earnings Indicators Current FY Proj. EPS Growth 50.0 Next FY Proj. EPS Growth 71.1 Annlzd. 5-Yr. Proj. EPS Growth 45.0 Performance indicators ERG 74.6 EPS Rank 96.0 Projected EPS Rank 97.0 Source Signs Agreement for 112 Worldwide U.S. Naval Bases Company Initiates Front-End Manufacturing and Management Services in Europe, Asia, Australia ST. LOUIS, Nov. 23 /PRNewswire/ -- The Source Information Management Company (Nasdaq: SORC - news) announced today it has signed a 36-month agreement with two annual renewals with the United States Navy to manufacture and manage the front-end fixture display program for its 112 naval bases worldwide. The bases, which operate a variety of stores including discount stores, convenience stores and hospital stores, are located throughout the U.S., England, Spain, Italy, Guam, Hong Kong, Japan, and Australia. Under terms of the agreement, Source will design and manufacture front-end display racks, negotiate vendor participation, handle billing and collecting of incentive payments from vendors, and reconfigure display-rack designs at the front end for all of the Navy's retail outlets. Chairman and Chief Executive Officer, S. Leslie Flegel, said, ''This Navy contract strategically positions Source as a global player by penetrating new markets with substantial growth opportunities in Europe, Asia and Australia. We are now able to build a growing presence overseas by offering cutting-edge products, sales information, and technology services to suppliers seeking to effectively manage the front-end in navy bases throughout the world.''