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 Gold/Mining/Energy : MGI Software (MGI on the TSE)

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To: Luc N. who wrote (315)12/17/1998
From: Steve StinsonRead Replies (1) of 553
 
It is not outside the realm of possibility for MGI to break even in the current quarter although seasonal fluctuations would almost certainly rule it out in the following quarter.

According to my "model" it would take revenue growth of 55% or better to break even. That is assuming they hold the line on R&D and marketing expenses. It is hard to get a reading on how good sales might be, but we should expect pretty good growth just because of the product transition. This will be the first full quarter for the new versions of PhotoSuite and VideoWave. I think we have a good shot at making some money on this, although I still consider it a fairly speculative investment.

With regard to your earlier post, I have been slowly stepping back from the tech stocks and the market in general. I am still a little nervous about the implications of the turmoil in Asia for the North American economy. Regrettably, I got out of Newbridge a little early at C$40 and have been frustrated that Cognos and Hummingbird have been going nowhere fast.

Foreign content restrictions on my RRSP really limit my options. Many of us seem to be in the same boat. I notice the same names kicking around on many of the boards for the Canadian techs - NNC, JDS, OTC, etc. I think these companies all have good long-term prospects. I am also positive about the prospects for ATI Tech and Clearnet. It will largely be a question of timing and reasonable valuations before I get back into any of these. Of course, as with JDS and OTC, there is always the risk of missing the boat.

Any stocks that you are keen on?

Steve
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