To: NASDBULL who wrote (9195 ) 11/6/1998 11:28:00 PM From: TokyoMex Read Replies (1) | Respond to of 119973
Amzing trades ,, proves one can make a living folowing just one stock ,, CMGI is a good example , with intra swing of 2 - 10 points ,, every single day ,, Our buy of ROSS today , ROSS .. Insiders have been buying ,,quicken.com BlueStone Capital Initiates Coverage of Ross Systems Inc. with a Strong Buy Recommendation NEW YORK--(BUSINESS WIRE)--Nov. 6, 1998--Senior Analyst, Steven Jaworski at BlueStone Capital Partners, L.P. initiates coverage of Ross Systems Inc. (NASDAQ:ROSS - $2 7/8) with a STRONG BUY recommendation and a 12 month price target of $6 per share. Ross Systems is a supplier of a broad range of open systems/client-server enterprise-wide business application software, that addresses the enterprise resource planning (ERP) and supply chain management (SCM) needs of primarily process manufacturers, healthcare and not-for-profit institutions. Ross has completed nearly 5,000 installations with over 3,000 customers in 24 countries. Analyst Summary -- We anticipate that Ross will meet our expectations given the turnaround in operational performance, its leadership position within its vertical markets and the growing number of big name consulting groups who are partnering with it. -- Trading at a significant discount to the company's comparable group, in terms of CY99 P/E and last 12 month (LTM) sales, we believe the stock is undervalued at its current price level. -- The company expects to grow its sales force by 20% in FY99. This move combined with the growing network of third party business partners should provide the foundation for future sales growth. banking and brokerage firm that delivers financial services to emerging growth and medium size companies worldwide. BlueStone Capital assists clients in maximizing their growth by providing sophisticated investment strategies that are designed to achieve clients' strategic, operating and financial goals. CONTACT: BlueStone Capital Partners Steven Jaworski, 212/850-0566 KEYWORD: NEW YORK