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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Adivino who wrote (9868)	11/15/1998 3:41:00 PM
From: robbie_nw	Respond to of 25711

Heres a company that will be announcing a strong internet angle....The following comments where made by David Cook (reposted) "Been following TSSW.....I like the stock at these levels. Here is my take: 1) Company has lots of cash and investments ( $958,000 in cash and equivalents / $8,038,000 in short term investments / $1,370,000 in long term investments with only 7,889,000 shares outstanding ) 2) Company sells for less than book value which is made of cash and investments. 3) Industry average Price to Book is 13.83 versus TSSW's book value of .79 4) Company sells at a steep discount to the average industry Price to sales ( TSSW 1.11 Industry 12.62 ) 5) Company has no bank debt and Long Term Debt to equity is 0. 6) Quick ratio is 2.65 and Current Ratio is 2.93 7) New Mgt on board bringing in a new director. 8) New director from AWARD software buys 120,000 shares at $1.20. Company enters into an agreement with AWARD to market product. 9) Company's new product was just nominated for product of the year by PC Mag. Bottom Line: Company's stock is valued below its cash with new mgt and new products ( One of which is being nominated for the product of the year award ), the reward / risk relationship appears favorable Companies with an internet angle continue to move up on good volume. Eventually TSSW will announce the details of its plan to move to the internet as it hinted in its 3rd qtr release and conference call. They have kept this quiet. Timing is right given recent surge and interest in any company with an internet angle. Ken (CEO)seems to be a man of his word given his prior comments and actions to date. . .ie promised that the company would sign a hardware / software bundle . .. Delivered on this promise per recent release. Looking for the small cap stocks like TSSW to catch up with the big stocks."