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Strategies & Market Trends : Low Price/Cash Ratio Value Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (350)	2/25/2000 11:12:00 AM
From: D. Swiss	Respond to of 1931

If you are looking for a value stock, check out AMMB. It has a price/book value per share of .10 and .16 price/sales I have never seen a stock this cheap. :o) Drew

To: Elroy who wrote (350)	3/1/2000 10:51:00 AM
From: Q.	Read Replies (2) \| Respond to of 1931

re. TSFT, from the 10k they filed Monday: . STS Program revenues were $19,815,617 for the fiscal year ended November 30, 1999 compared to $21,461,885 for the fiscal year ended November 30, 1998, a decrease of 7.7%. This decrease resulted from a 22% decline in STS Program revenues in the fourth quarter of 1999 compared to the fourth quarter 1998. This decrease was primarily due to market pressure on both the retail and wholesale sides, including increased competition from calling card and wireless services. The Company is adjusting to market pressures both on the retail and wholesale sides and is attempting to rebuild subscriber counts by lowering rates. We expect this trend to stabilize at an approximately 22% decline in revenues. If you visit a college town, you will now see vending machines everywhere, selling prepaid calling cards with a low cents/minute rate. Apparently this new development is what TSFT is now competing against, in their largest business segment. Their second-largest segment actually is experiencing increasing revenues, which offsets the decline in the STS division, in the top line. I would guess the bottom line will still suffer a little, though, due to pressure on gross margin in the STS division.