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COVER-ALL TECHNOLOGIES INC (COVR) 4 5/16 +1/2. Shares of this strategic insurance software solutions provider have been lifted off their feet today by bullish comments in the latest edition of Business Week. On the session, the stock has risen as much as 23% and currently trades 13% above yesterday's closing price. A stock that has traded between 7/8 of a point and 4 7/8 over the past fifty-two weeks, COVR shares are expected by one money manager to rise sharply over the coming months. In fact, over the next half-year, Roger Benson of Norwalk, Connecticut investment firm Number One Corp, believes Cover-All shares will double. Expected to fuel the rally in the stock are orders for the company's Oracle-based TAS 2000 system, which not only manages client claims, billing and financial reporting, but also makes it simpler for insurance companies to replace their systems to overcome any year-2000 problems, according to the company's president. Mr. Benson also sees a rosy future for the TAS 2000. In fact, he expects the company to announce at least three deals, valued at more than $4 million each, in the near future, probably over the next few weeks. After losing $0.38 a share in 1996 on revenues of $5.47 million, Mr. Benson sees earnings of $0.10 a share this year on revenues of $8-$10 million. The following year, earnings and revenues are predicted to explode to $0.50 a share and $25 million, respectively. Peter Lynch, president of Cover-All | ||||||||||||||
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