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Non-Tech : RCM Technologies - RCMT -- Ignore unavailable to you. Want to Upgrade?


To: MARIO PASQUA who wrote (31)9/11/1997 7:29:00 AM
From: Dale Baker  Respond to of 79
 
A familiar name from that other thread. I started doing DD on RCMT after the Individual Investor article. Normally I don't like II's picks, but this one is intriguing. And I missed the boat on Staffmark while it languished on my watch list. The tech personnel field should be a winner.

My main question is, why does RCMT carry a 20 PE while Accustaff and Staffmark are in the 40-45 range? Probably has to do with the dilution to 7.5 million shares. On the other hand, RCMT's steady acquisitions and growth could let them meet the .77 target for FY97 despite the dilution. RCMT seems to growing at 40% or better. With a commensurate PE, this stock could double in the next two quarters.

I'm taking profits in PTIX today and may plunge in here. Open to opinions from all sides.

Good luck.



To: MARIO PASQUA who wrote (31)3/7/1998 12:32:00 PM
From: MARIO PASQUA  Read Replies (2) | Respond to of 79
 
My reply to another chat board. Any comment?

"I'm thinking that this has the potential to reach 26 - 28,"
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You could be right, The Co. provides contract and temporary personnel in the Information Technology, Professional Engineering and Technical and Specialty Healthcare sectors.
"< WASHINGTON (March 6) - Surprisingly robust job growth pushed the nation's unemployment rate back to a 24-year low of 4.6 percent in February, renewing concerns the United States is running short of skilled workers.">
As long they can supply the work force, and keep up with demand, you could be right.
Bought at $ 13.00 sold at $ 21.00 < never be too greedy > I was getting a bit nervous about the P/E Ratio of 29.4
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