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Technology Stocks : IVI Checkmate (CMIV) -- Ignore unavailable to you. Want to Upgrade?


To: hsg who wrote (1568)10/28/1998 9:57:00 AM
From: Yonni  Respond to of 3721
 
O.K., this is just my opinion. Considering the stock is undervalued and the company is sitting on 10.2 million in cash, why would they not repurchase their stock??? It looks like the company could be considering another acquisition.
The decline in quarter over quarter sales of Check reader products is also a bit unusual ($6.3 million vs.$7.4 million in Q2/98).
I am looking for $0.18 in earnings for Q4/98 (on an operating basis) and $.51 for next year. With next year's ROE forecasted at 14.5%, I believe this stock should be trading in the $7 US range.



To: hsg who wrote (1568)10/28/1998 10:12:00 AM
From: Sultan  Read Replies (1) | Respond to of 3721
 
The numbers are good. Was hoping for better net. They deserve higher multiples based on growth but markets are weak do-day so hard to tell where it will go. May be if coverage materializes, then it will get the attention.