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   Non-TechThe Source Information Mgmt Co.(SORC)


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To: JanyBlueEyes who wrote (73)6/17/1998 12:15:00 PM
From: Tensane 1
   of 121
 
Jane,

Seems that this company continues to show that they are truly a growth company, accelerating their earnings, increasing their market share, increasing their markets, etc.

Couple of questions, this private offering, with their current asset to current liability ratio so good, why not generate cash from within, why do a secondary, and why the 500,000 sold by insiders on this deal? I could speculate that they have a target for acquisition, or they have a new product to roll out, and need cash to assist in rolling out the new product, but thought I'd ask your opinion.

No one can dispute their growth, but it has been my experience that it usually takes time for the market to accept a secondary offering unless the money is immediately utilized.

Kevin

P.S. It's a lot more fun discussing the business at hand, instead of defending your dignity, isn't it, it's been a tough couple of weeks.

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To: Tensane 1 who wrote (74)7/9/1998 12:05:00 AM
From: Gurupup
   of 121
 
I have tried to post on this site for 3 days, and it would not take.

So I am trying again. SORC is in Wall Street Journal today in Investment Dartboard:Pros handily beat darts. I don't know how to access Dow Jones News or Wall Street Journal, but it is a good article. Company is shooting the lights out fundamentally, and the recent secondary offering brought in many new heavy players, who see this as long term major idea. Not a small growth stock anymore, about to join the major leagues.

My price target is at least a double from here in 12 months, and maybe higher as earnings are going to explode, and new ventures are going to take them to a new level.

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To: Gurupup who wrote (75)7/9/1998 7:49:00 PM
From: Tensane 1
   of 121
 
Skip,

Did you see the volume today? Remember when they were in the 20k range? I wasn't so sure that they were doing a good thing when they made the secondary, but it seems to give the stock more liquidity. They seem to have their act together.

Kevin

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To: Tensane 1 who wrote (76)8/9/1998 11:27:00 PM
From: Walk Softly
   of 121
 
I really like this one at these levels.....

Honorable mention under my thread......

Message 5453911

ES

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To: Walk Softly who wrote (77)8/19/1998 8:46:00 PM
From: IndyTom
   of 121
 
Recent pullback a good buying opportunity in SORC. Latest I have heard from compay is that prepay program is very strong. Recently acquired Texas-based operation should contribute further. Possibility of UPC project starting to contribute by year-end. IMHO the growth engine looks solidly in place at SORC. 1-year tagret price $10-$12.

Go SORC,

Tom

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To: IndyTom who wrote (78)8/19/1998 10:09:00 PM
From: Walk Softly
   of 121
 
IT... thanks... just looked at the chart today.... definitely time to add.... they have a great niche.... I believe a good long term hold....

ES

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To: Walk Softly who wrote (79)9/3/1998 10:45:00 AM
From: JanyBlueEyes
   of 121
 
QUARTERLY RESULTS

The Source Information Management Company Announces Another Record Financial Performance

BusinessWire, Thursday, September 03, 1998 at 09:26

ST. LOUIS and HIGH POINT, N.C.--(BUSINESS WIRE)--Sept. 3, 1998--The Source Information
Management Company (NASDAQ:SORC) today announced its seventh successive record
quarter for net income
.

Net income for the second quarter ended July 31, 1998, was $790,786, a 137% increase
over second quarter of 1997 net income of $333,472.

This also represents a 9% sequential increase over the first quarter of 1998, which was
a strong quarter, reflecting extraordinary magazine sales due to publications dealing
with the death of Princess Diana.

The Company also announced today that it has entered into a contractual
relationship to provide retail display allowance services to Eckerd
Corporation. Eckerd operates over 2,500 stores.



Quarter Ended July 31, 1998 July 31, 1997

Revenues $3,580,588 $2,940,137
Net Income 790,786 333,472
Avg. Shares 9,238,183 5,890,443
Shr. Earns:
Net Income - Basic .09 .04
- Diluted .09 .04

Six Months Ended
Revenues $7,175,790 $5,459,668
Net Income 1,517,415 589,598
Avg. Shares 8,865,692 5,857,698
Shr. Earns:
Net Income - Basic .18 .08
- Diluted .17 .08

Condensed Summary Balance Sheet at July 31, 1998
Current Assets $23,637,000
Non-current Assets 6,660,489
Total Assets 30,297,490

Current Liabilities 5,723,762
Non-current Liabilities 2,496,599
Total Liabilities 8,220,361

Equity $22,077,129

The information contained in this press release may include statements
regarding matters
which are not historical facts (including statements regarding the plans, beliefs or
expectations of the Company) which are forward-looking statements.......

The Source Information Management Company is a leading provider
of periodical information and related marketing services to the majority of retail chains
in the grocery, convenience, mass merchandise, and pharmacy industries.

Their integrated software system is designed to efficiently and accurately
monitor sales of thousands of high volume consumer products primarily to optimize
and collect sales incentive payments offered by manufacturers.

CONTACT: The Source Information Management Company, St. Louis
W. Brian Rodgers, 314/995-9040

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To: JanyBlueEyes who wrote (80)9/3/1998 5:30:00 PM
From: Tensane 1
   of 121
 
Jane,

Yet another great quarter for a very low key company that IMO is very well run and continues to show accelerating growth. Why is this company still selling in the mid 5's is beyond me. I'm sure that the overall market situation may have something to do with it. Great news on the Eckerd deal. I live in Florida and they are putting up new stores everywhere. Correct me if I'm wrong, but doesn't JC Penney now own Eckerd's now? You would think that JC Penney could become another potential customer. At present, I don't own any stock in SORC but still watch it, and like the company, I sold to buy more CCSI at the $14 level. Not looking like a good move, but I still feel CCSI will pay us in the long run, I'm still a believer.

Kevin

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To: Tensane 1 who wrote (81)9/3/1998 10:25:00 PM
From: JanyBlueEyes
   of 121
 
Eckerd

Eckerd is the latest in a long list of major clients for SORC. JC Penney Co did acquire Eckerd (as shown below).

From Eckerd's latest 10K:

...At February 1, 1997, the Eckerd chain consisted of 1,756 stores in 13 states located primarily in the Sunbelt. Over its 44-year history, the Eckerd drugstore chain has built a strong market position in areas where demographic characteristics are favorable to drugstore growth. Eckerd stores are concentrated in 10 of the 12 metropolitan statistical areas with the largest percentage growth in population from 1980 to 1990, and, according to industry sources, ranks first or second in terms of drugstore sales in 20 of the major metropolitan markets in which it operates.....

....The Company was formed by J. C. Penney Company, Inc. ("JCPenney") in 1996 for the purpose of acquiring the former Eckerd Corporation ("Old Eckerd") in a transaction effected through a cash tender offer of $35.00 per share for 50.1% of Old Eckerd's outstanding common stock (which was completed in December 1996), followed by a second step merger completed on February 27, 1997 in which Old Eckerd stockholders received 0.6604 shares of JCPenney common stock for each remaining share of Old Eckerd common stock not purchased in the tender offer
(the "Acquisition")......

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To: JanyBlueEyes who wrote (82)11/19/1998 10:28:00 PM
From: JanyBlueEyes
   of 121
 
News - Acquisitions & Incresased Revenues

The Source Information Management Co. Announces Plans to Acquire Two Front-end Fixture Manufacturers; Company Expects Revenues Will Expand More Than 230 Percent

ST. LOUIS--(BUSINESS WIRE)--Nov. 19, 1998--The Source Information Management Company (NASD: SORC) announced today that it has signed letters of intent to acquire the assets of two leading front-end fixture manufacturers and their affiliates, whose combined business is believed to represent more than one-third of the total front-end manufacturing industry.

Source expects to complete acquisition of MYCO, Inc., and its real estate holding company, RY, Inc., in Rockford, Ill., on Jan. 7, 1999, and Chestnut Display Systems, Inc., and Chestnut Display Systems-North, Inc., out of Jacksonville, Fla., on or around Feb. 1, 1999. The acquisitions are subject to negotiation of definitive agreements, due diligence and other customary conditions.

Source plans to acquire the assets of both companies and their affiliates for $16.25 million cash and approximately $4.5 million in stock.

Combined revenues of the companies, including Source, are expected to be in excess of $50 million by Jan. 31, 2000, with anticipation that these acquisitions will be accretive to earnings.


MYCO and its real estate affiliate employ some 180 people. Chestnut Display and Chestnut Display-North employ 106 people. Management is expected to continue working at both companies. Included in the MYCO acquisition is a 350,000 square-foot manufacturing facility in Rockford, Ill. Source also will lease two manufacturing facilities as part of its Chestnut Display acquisitions, one in Greenville, S.C., and the other in Jacksonville, Fla. Source also will assume all specified liabilities.

"The management at Source is very excited about the acquisition of these leading fixture manufacturers," said S. Leslie Flegel, chairman and chief executive officer. "Currently, Source provides a valuable information management product called SourcePro that helps retailers maximize the value of merchandise sold in the front-end area. With the addition of these companies, Source is essentially vertically integrated in the front-end management business.

That integration allows us to rely on ourselves to create the fixtures that best serve vendors who place merchandise at the check-out, as well as our retailers."

Flegel continued: "The acquisition also offers wonderful possibilities for our new on-line Interactive Communications Network, or ICN. Currently, ICN helps retailers ensure magazine bar code accuracy using a streamlined Internet encrypted site, while providing publishers with an effective tool to market new titles or special issues. Now, with the acquisition of MYCO and Chestnut Display, we can expand the reach of ICN to vendors like Wrigley, Gillette, Kodak and others, who display their merchandise at the front-end. We see no end to the myriad ways we can integrate our new manufacturing business with ICN, our latest innovative product."

The Source Information Management Company (NASD: SORC) provides front-end rebate collection and information services to approximately 825 retailers in the United States and Canada via nine offices throughout the continent. Through continued growth and expansion, including merger or acquisition of eight companies since its formation in 1995, Source now serves approximately 75 percent of the magazine industry. The company's innovative technology and systems have enabled an expansion of its core retail display allowance business, bringing to the market both front-end management and interactive communications
between publishers and retailers. With the acquisition of MYCO, Inc., and Chestnut Display, Inc., Source now provides front-end fixture manufacturing services.

SAFE HARBOR STATEMENT:

The information contained in this release includes statements regarding matters which are not historical facts (including statements regarding the plans, beliefs or expectations of The Source Information
Management Company) which are forward-looking statements.......

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