Here is additional reasons,,, information on our (http://www.TokyoJoe.com) todays buy,,,
CMPC ,,,,
COMPUCOM SYSTEMS INC. is a provider of personal computer (""PC"") products and services to large and medium sized businesses throughout the United States,,,
CompuCom teams with its customers,,, which include primarily Fortune 1000 companies and other large businesses, to apply PC technology to meet their business objectives,,, which range from product procurement and configuration to network project management and support,,
Product and services are sold by a direct sales force to over 2,000 business customers.
Website at: compucom.com
As you already know SFE owns over 23 mil shares,, 56% of this company,,,,
For those who does not know what SFE does here is some information,, I also called to watch it yesterday ,, SFE up today ,, 1 3/4 ,,
SAFEGUARD SCIENTIFICS, INC. is engaged primarily in the business of identifying,,,, acquiring interests in,,,, and developing partnership companies,,,, most of which are engaged in information technology businesses,,,, broadly defined to include all activities related to the acquisition, processing and dissemination of information and related technology to improve business and personal productivity..... The most significant of Safeguard's partnership companies are engaged in the distribution of micro computer hardware, software and related services.. Does CMGI come to mind ???
Go se safeguard.com to see their current portfolio including a brand new venture company which will operate in CMGI's style.,,,,
From August 28 thru October 22nd, SFE have increased their stakein CMPC by about 447,000 shares.... Month later SFE announced that CMPC will take 20-25 million loss/charge related to CMPC business shift to "VIRTUAL OFFICE" model.
CEO announced in August that pcsave.com is experiencing 65% month to month growth and if it continues CMPC will spin of their web site as an IPO.,,, In addition, CEO exercised his options for 128,000 in July and 647,000 common shares in October....
For the past few weeks pcsave.com has been heavily advertised on Yahoo....
CMPC's core business produces over 2 billion frigging dollars in sales... This company is very well established in e-business sector. For more details go to: compucom.com.
The last piece of this puzzle comes via last weeks Business Week/Where to invest edition.. Check page 177 and see who is rated as #1 among companies who have the lowest pe's and will experience highest eps growth in 1999. Yes.....CMPC with PE of 8.6 and growth of 62%.
Price Data
Today's Volume: 312,100 Last Tick: EVEN
Today's High: $4.250 52 Week High: $9.750
Today's Low: $3.500 52 Week Low: $2.250
Basic Fundamental Data
PE Ratio: 8.0 Estimated Growth Rate: 18.75%
Earnings/Share: $0.44 PEG Ratio: 0.4
Dividend/Share $0.00 Shares Outstanding: 50.0
Yield: 0.00% Market Cap: $200.1
Book Value: $4.21 Revenue/Share: $41.67
Price/Book Value: 0.95 Price/Sales: 0.10
% Owned by Insiders: 5.10% % Held by Institutions: 25.70%
Technical Data
25 Day Average: $3.57 MACD N/A
200 Day Average: $5.69 Relative Strength Index
Earnings and Estimates
Fiscal Year Estimated EPS: $0.25 Next Year's Estimated EPS: $0.53
Fiscal Year PE: 16.0 Next Year's PE: 7.5
Last Quarter's EPS: $0.02 Last EPS Surprise: -83%
This Quarter's Estimated EPS: $0.06 Scheduled Report Date: 1/17/99
No. Analysts Following: 7
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