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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: Street Walker who wrote (6300)1/8/1999 2:50:00 PM
From: Eric Klein  Respond to of 90042
 
PROG could be a good pick, as you say, up 30% today! They just announced record sales. With a rise like that, it could attract attention, and with it's P/S and P/E it looks like a value stock. Imagine that, a genuine Internet stock that passes a value screen.

Unlike many of the Internet stocks it has sales and profits. It sells for a P/E of 18 and P/S of 0.3, yet it has a very well established presence in the world of Internet software sales. This is a quality company which dominates catalog/internet technical software sales. Everybody who is technical knows Programmer's Paradise.

PROG might also be an attractive acquisition for any company wanting to move into the Internet business. Just their customer list is probably worth more than the company's current market cap.