To: Mr. Forthright who wrote (381 ) 4/17/1998 11:21:00 AM From: AuldDruid Read Replies (1) | Respond to
Good examples of poor companies, but I have been beaten into a fundamentalist by the likes of Templeton and Buffet, to the point where I focus on the value of the company I'm looking at and minimize my attention to other companies, be they failing or successful, or momentum(sometimes to my dismay). For instance, I'm not basing my investment in GPW on the share price of Cognicase or CGI Systems, both of which are also comparable companies as you suggest, but much more successful as measured by share price. Nor do I want to get into a company war where I waste my time finding good examples and you waste yours finding bad. Bursting bubbles aside, GPW is a company with good fundamentals that has a terrific and growing baseline software business underlying the Y2K phenomenum. In fact, if you check around, you'll hardly find any mention of Group West anywhere in the Y2K bubble, they've done it on their own. If Y2K allows them to gain the financing to grow and expand market share, I say more power to them! I've done tons(tonnes in Canada) of my own work, and the only thing I can find wrong with GPW is that it is growing very very fast with too many customers, but this is a resolvable problem that most companies would like to have! Have you done anything specific to look at the fundamentals of GPW? Have you obtained an investor's information kit, or the original IPO on the VSE( I think the secondary offering kit must also be around somewhere by now, but I'm still trying to find one myself). I believe that if you look at the fundamentals, you will be convinced that it is at least a worthwhile investment for the rest of us, even if you choose not to invest yourself. The combined professionalism of this thread, and a comparable one over on Stockhouse is very impressive. But, have a go, and let us know!
