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Technology Stocks : TSR, Inc. [TSRI] Good Earnings! -- Ignore unavailable to you. Want to Upgrade?

To: brasilbound who wrote (248)	9/14/1998 10:42:00 PM
From: Carl Wysocki	Read Replies (1) \| Respond to of 281

So, what's happening with this stock. I just heard about it today, and checked out the 10k and 10qs. My suspicion is that the stock price ran up based on enthusiasm of the Y2K potential. Now that the company has said that Y2k is slow in coming and will probably decline, has the market overreacted to the downside now? The company is selling at a 10 PE, and I imagine the best way to describe them is a longer term programmer temp agency. I can see where that's not sexy, but lots of companies are outsourcing this otherwise high overhead activity. Sure, a major customer or two may reduce billable hours, and they'll probably have to pay more for programmers than they can increase billings, but this might already be reflected in the price. I figure I'll hang on the sidelines until the next quarter's results, but I'm seeking your inputs on this stock in the meantime. Thanks, Carl