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Technology Stocks : Navigant International (FLYR) -- Ignore unavailable to you. Want to Upgrade?

To: Lane Hall-Witt who wrote (477)	3/10/1999 11:14:00 AM
From: Rob S.	Respond to of 725

FLYR's stock is responding to uncertainty and the bailing out of momentum players, IMO. Some consolidation is a good thing. When the stock forms a bottom and the technical analysis looks right, buy. I think it is a good investment at this price. Navigant has lots of opportunities to acquire additional agencies. That opens up opportunities for rapid expansion but it also raises the fear that this is like preventing people from drowning after they have bailed out of a sinking ship. Management says that they can buy these agencies at a fair price and then realize savings and leverage from the combined operations. That looks to be the case. But with the financing still in limbo, the confidence level has taken a hit - at the same time that the momentum investors understand that the company is not another Amazon.com (giving away $5 in sales for $4 in revenues and $2 billion in debt) in booming sales (free money). I think that this is a fine company that has a rational business plan with a high likelihood for at least modest, if not spectacular success. Investors should "get" that Navigant is not in a desperate situation in regards to the financing. They are negotiating for favorable terms, not out of necessity.