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

To: Yonni who wrote (1703)	12/2/1998 11:53:00 AM
From: hsg	Respond to of 3721

The return on IVI over the past 5 years has been, to date, about 0%. I have been holding on waiting for it to outperform and, hopefully, catch up with the market in general. The merger is complete, synergies are being realized, earnings (pro forma) are at RECORD LEVELS, fundamentals are awsome, now & going forward, yet 13 months ago I was holding a share valued at $13.50 Canadian. I am disappointed because they have put out great #'s and great alliances/contracts and the market has not responded be valuing it at at least what it was worth a year ago. I LOVE the company, but if you talk to senior persons at the company (as I have) they will tell you that they are VERY VERY disappointed with the lack of movement of the share price. I agree that it has moved up well from it's low's, but my position is that it should never have hit those low's based on the fundamental performance of the company and it is currently UNDERVALUED. Now that HYC has moved up from it's lows after their #'s were released (it moved up about 150 %), we should be higher than we are now based on relative valuation. 12 cents a share and we are at 5 1/2 US. This is pathetic. I do, however appreciate your pointing out the relative outperfomance in the last few months. I am just waiting for it to "catch up" to the market. I think CMIV should be valued at 2X this level, (and hopefully we will all be on board to enjoy this return!).