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Y2K spending by banks is diverting some funds for cap ex. on Banctec products. However, this is not a huge shortfall. Stock is very cheap at this price. Co. is buying back shares. Growth to continue in 2nd half of the year.
EPS estimates still around $2.00 for 1998.
BancTec (BTC: NYSE): the most Undervalued Software Stock | Stock Discussion ForumsShare