Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Sharck who wrote (25716)	5/31/2001 9:22:17 PM
From: DlphcOracl	Respond to of 37746

Sharck: Here's a little gem for you and the board: CANI. Carreker Corp (CANI) is a provider of integrated software solutions and consulting that enable banks to move from paper transaction to electronic finance (e-Finance). They are a small-cap that is a leader in this sector and have been profitable for a while. CANI is a back-door play that gives exposure to the financial sector and the internet space. They have gotten whacked this year, going from $40 in mid-January to $10 due to: (1) recent earnings warning for next quarter due to reduced IT spending; (2) recent acquisition of Check Solutions; (3) numerous analyst downgrades last week. The stock is still in freefall and I would NOT buy right now -- it can easily go to $7 or under during this month. However, once is settles out and starts to form a base, this might be a very profitable LT hold if bought at $6 or $7. The financial sector will be a beneficiary of the interest rate cuts and IT spending will eventually pick up pace sometime next year, particularly for software/consulting companies that save banks money and make their e-Finance business more efficient. Do your own DD -- but, worth a look.