To: BostonView who wrote (5) | 1/29/1999 5:11:00 PM | From: Haolin Ni | | |
Please read your post #2
<Better to short this pooch after the open. I did at $20.50 and $21.25. SGAI is going straight to the single digits. Just watch.>
Is it your post? |
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To: rbarsom who wrote (7) | 2/2/1999 8:34:00 PM | From: BostonView | | |
Lots of unhappy customers (growth at the expense of service)...and despite this, they haven't turned a profit in over eight quarters. The prospectus tells the story.
This is a going concern, to be sure, but SGAI isn't worth a dot.com premium. It'll trade under $10 soon.
BV |
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To: BostonView who wrote (8) | 2/3/1999 8:38:00 AM | From: John Wilson | | |
BV, unless I'm reading wrong, 9month eps. is .40 vs (.23) as of Sep98
This company not only has turned a profit, but at its current growth trajectory should command a hefty premium. With earnings it will soar!
The following is taken from the prospectus: edgar-online.com
NINE MONTHS ENDED YEAR ENDED DECEMBER 31, SEPTEMBER 30, -------------------------------------------------------------- ------------------------ 1993 1994 1995 1996 1997 1997 1998 ---------- ---------- ---------- ---------- ---------- ----------- ---------- (IN THOUSANDS, EXCEPT PER SHARE DATA) (UNAUDITED) STATEMENT OF OPERATIONS DATA: Revenue: Computer software......... $4,908 $6,551 $6,594 $5,932 $5,084 $4,417 $8,615 Computer hardware......... 13,530 11,988 13,641 7,370 8,144 6,489 9,853 Support................... 833 2,159 3,343 4,038 4,100 3,064 3,817 Services.................. 398 767 1,351 1,189 1,324 1,123 2,464 ---------- ---------- ---------- ---------- ---------- ---------- ---------- Total revenue....... 19,669 21,465 24,929 18,529 18,652 15,093 24,749 Cost of sales and services: Computer software......... 250 1,082 808 585 1,504 1,042 1,930 Computer hardware......... 9,352 8,586 10,607 5,805 6,010 4,929 7,309 Support................... 963 1,956 2,491 3,141 3,271 2,270 2,282 Services.................. 768 727 1,016 902 1,104 805 1,607 ---------- ---------- ---------- ---------- ---------- ---------- ---------- Total cost of sales and services...... 11,333 12,351 14,922 10,433 11,889 9,046 13,128 ---------- ---------- ---------- ---------- ---------- ---------- ---------- Gross Profit................ 8,336 9,114 10,007 8,096 6,763 6,047 11,621 Operating expenses: General and administrative.......... 1,671 3,246 3,206 4,776 4,567 3,102 4,646 Research and development.. 1,929 1,609 2,166 2,254 2,011 1,444 1,638 Sales and marketing....... 410 508 523 980 1,482 1,066 1,653 ---------- ---------- ---------- ---------- ---------- ---------- ---------- Total operating expenses.......... 4,010 5,363 5,895 8,010 8,060 5,612 7,937 ---------- ---------- ---------- ---------- ---------- ---------- ---------- Income (loss) from operations................ 4,326 3,751 4,112 86 (1,297) 435 3,684 Other income (expense): Interest expense: Interest on outstanding debt.................... -- (39) (1,200) (1,200) (1,500) (1,050) (1,350) Amortization of original issue discount(1)....... -- (45) (1,378) (1,378) (680) (680) -- Interest income............. 26 50 129 42 109 84 68 ---------- ---------- ---------- ---------- ---------- ---------- ---------- Total interest income (expense), net............... 26 (34) (2,449) (2,536) (2,071) (1,646) (1,282) ---------- ---------- ---------- ---------- ---------- ---------- ---------- Net income (loss)........... $4,352 $3,717 $1,663 $(2,450) $(3,368) $(1,211) $2,402 ========== ========== ========== ========== ========== ========== ========== Net income (loss) per share: Basic..................... $0.83 $0.71 $0.32 $(0.47) $(0.64) $(0.23) $0.46 ========== ========== ========== ========== ========== ========== ========== Diluted................... $0.83 $0.49 $0.32 $(0.47) $(0.64) $(0.23) $0.40 ========== ========== ========== ========== ========== ========== ========== Weighted average shares used in calculating net income (loss) per share: |
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To: John Wilson who wrote (9) | 2/3/1999 10:55:00 AM | From: SteveG | | |
John, you are right.
98 nine month pro forma is $0.27, and they are expecting to lose $.09 in 98Q4, for a projected 98YE of $0.18 on revenues of $32MM.
99YE is looking for $0.31 on revenues of $43.9MM
00YE is expecting $0.47 on revs of $54.9MM
This is a conservative 2-year projected 61% PE growth and 32% rev growth.
Considering this in addition to BV's previous "shorting an IPO" comment and then attempted denial, IMO I'd suggest taking his posts with a large dose of skepticism. |
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To: SteveG who wrote (10) | 3/3/1999 7:39:00 PM | From: reid brandon | | |
No posts here in a month, I see today was a nice day for SGAI. Anyone still talking short positions on this seemingly positive moving stock? I like what I see, todays volume up, good growth projections, etc. IMHO BV out to lunch. |
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To: reid brandon who wrote (11) | 3/3/1999 8:48:00 PM | From: Dave Twibell | | |
Upgraded today to strong buy by BT Alex Brown. Anyone know if BTAB was the underwriter? Also, having a difficult time finding information on SGAI - anyone have any decent info sites on the web or articles re: SGAI? Thanks
Dave |
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To: Dave Twibell who wrote (13) | 3/7/1999 4:04:00 PM | From: d. alexander | | |
Expect by now you will have seen this in one form or another (from Fri. Briefing.com In Play)
09:08 ET Smith Gardner & Associates (SGAI) 13 1/16: Provider of enterprise-wide software solutions reports Q4 net of $0.11 a share, vs a yr-ago loss of $0.41. Revenue rose 152% to $9 mln. No earnings estimates were available for the recent IPO. 13:56 ET Smith-Gardner & Associates (SGAI) 15 3/8 +2 5/16 (+18%): --Update-- Provider of enterprise-wide software solutions to the direct marketing industry announces that dELiA*s Inc. (DLIA) is powering its online store with Smith-Gardner's WebOrder system. |
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