Opinions
Danny Tomka
724 Solutions
SVN-T
DON'T BUY
Mar 29, 2005
Has had a tremendous run. Made some acquisitions. New management team. Starting to get some traction on some products. Doesn't have faith that the business model is sustainable. Software is in the telecom space. It's a niche application.
$16.000
Stock price when the opinion was issued
computer software
processing
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Stock ranks well in the database, in part because earnings have been pretty good. The most recent quarter's year over year, earnings have been up over 90%. However, it comes with a very brisk P/E of 61 X's. Earnings are forcast to be $0.25 in 2005 and $0.49 in 2006. That gives a 30 P/E and a .3 PE to growth. Waiting to see further evidence as they move along the earnings curve. Buy at a lower price.
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SELL
Suffers from one of their very large clients announcing they are leaving which is 1/3 of their sales. Have very interesting software, but you have to sell it to make the money. Ranks 673 out of 700 in the database. Earnings estimates have been chopped by 79% in the last 90 days.
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