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PLSS HAS "EASY MONEY" written all over it as a long term holding. Peerless Group designs, develops, installs, & supports integrated information systems for community banks and credit unions. In other words, it runs the small town banks so they can compete with the big ones. * They have a proprietary system that SELLS and provides a recurring revenue model. * They only have 4.7 million outstanding shares(less than 2 million in the float) * They are making revenues($7million last Q-up 38%) and earnings(800,000- up 300%). * They just announced a stock buyback June 18. * They have 0 debt and $9 million in the bank($2 per share)! * P/E of only 12 and going down down down with higher earnings and more contracts every Q. * 40% profit margin on most sales. * 157 employees. * Spinoff of EDS that IPO'ed in Oct 96 at $8! An anaylst interviewed in a April 30 Wall Street Journal article called the stock "on the verge of rediculously cheap" at $6.75. The title of the article was "The big problem for Peerless is getting investors to notice." This stock is a gimmee for solid returns the next few months. Lots of money in the bank. Big earnings gains- beating analysts estimates every Q. 2 out of 2 analysts recommend PLSS as a "STRONG BUY" and its ranked #2 out of 19 stocks in its group, according to Zack's investment research. Any comments? | ||||||||||||||
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