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Technology Stocks : Award Software(AWRD) is back -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey A STEPHENS who wrote (323)	3/24/1998 7:26:00 PM
From: Mark Brophy	Read Replies (1) \| Respond to of 373

Do your own research! Subscribing to Zacks is a waste of money. If you insist on using it, buy whenever the analysts downgrade their rating to "hold" and sell whenever they upgrade to "strong buy". If you're looking for a place to re-deploy your windfall, I suggest Phoenix. Using the same valuation formula as I showed earlier at xxx, the Value = (BV + 20 * OE) / Shares = (94,683 + 20 * 7,029) / 17,951 = 13 1/8. At the current price of 11 7/8, it's undervalued 9%. Award is worth 13 5/8 and trades at 12 1/2, so it's undervalued 8%. I give each company the same P/E multiple because I haven't figured out which one has a better chance of increasing earnings in the future. Anyone who has a large position in either company should consider diversifying into the other. As part of the stock picking contest on the Phoenix thread, I recommended the purchase of Award on Feb. 3 at 10 1/8 after earnings were released and the buyback announcement was made. Phoenix is trading at the same price it was Feb. 3 and as far as I know, no Phoenix investor owns shares in both companies.