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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: nshul who wrote (5977)10/21/1997 7:17:00 PM
From: Jeff Mills  Read Replies (5) | Respond to of 9285
 
CTXS

Citrix had a huge day today. However, this stock is overpriced via the PSR model. I recall this issue trading at $14 only 4-5 months ago.

Lets look at the Fundamentals:

TTM, Trailing 12 Month Revenues
9-97: $34.9 MM <------------Great growth, no doubt
6-97: $24.5 MM
3-97: $21.6 MM
12-96: $15.7 MM

TTM = $96.7 MM

Shares out = 29.39 MM
Price = $74 5/8
Market Cap = $2193 MM

PSR on CTXS = 22.6 <----------- Higher than MSFTs

Notes: Investors are paying $22.60 in CTXS stock for every $1 they sell in product. That is insane. What makes their product so special? If I recall, the reason it sold off to around $14 was that MSFT was close to cutting them off? Today's run seems way overdone -- being long this one would scare me a little!

Comments?

Cheers,
Jeff Mills



To: nshul who wrote (5977)10/21/1997 8:07:00 PM
From: vegetarian  Read Replies (2) | Respond to of 9285
 
>>How did you determine that support was at 36?

Look at the 1 year chart (at Yahoo), look at the handle on the chart.
You can see that when it falls to that level the stock get bought and moves up (that is, the buyers think it is cheap and will not let it fall below that support level).
Well, the number 36 is approx number I read off a coarse chart, and may not be accurate but is in the neighborhood.


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