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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sal D who wrote (12370)	1/8/1999 3:25:00 PM
From: Sergio H	Read Replies (2) \| Respond to of 29382

<TMBS> Joe, found this on TMBS: A Software Maker for a Small-cap Boom (TMBS) Monday, January 4, 1999 Richard Geist sees a correction of excess valuation in large-cap stocks followed by a fast-paced, high growth period for micro- and small-caps. "We think stock picking will become more important and volatility could increase," he says. His latest small-cap pick is Timberline Software Corporation (TMBS), a little-known but financially strong provider of proprietary project management and accounting software for the constuction and property management industries. Timberline is one of the leaders in a highly competitive market. Though competitors may copy aspects of Timberline's software, Geist says the firm's ability to capitalize on rapid technological change with new products more than outweighs intellectual property protection concerns. Timberline's real story is its financial growth. The firm grew revenues 23% to $35.2 million and net income 100% to $4.5 million ($0.64/share) from 1996 to 1997. Timberline ROE was a healthy 33.8% in 1997. Over the past five years, revenue and net income growth were an impressive 18% and 65.5%, respectively. Growth continues as the first nine months of 1998 showed a 77% increase in net income to $4.5 million on a 26% rise in revenues of $30.9 million. Consensus estimates for FY 99 are a 21% increase to $1.17/share. "Given the consistency of this company's growth, we think there is a good potential for Timberline to continue to reward investors in the coming years," Geist says. He recommends buying Timberline at current prices. For more on Richard Geist's recommendation see "Highlighted Stocks," January 1999, Richard Geist's Strategic Investing. investools.com