| To: brasilbound who wrote (246) | 9/6/1998 2:41:00 PM | | From: The Real Deal | | | |
We need to change directions here.
I have lost a lot of money in this stock and the trend continues to
head south. The company said last quarter that the sales would
be flat moving forward for the next few quarters. Are we going
to have to wait until mid 99 to see some earnings beating the
street numbers. At that time the stock might only be worth a $1.
I would like to hear some more news about how this company is really
doing. Any thoughts out there. |
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| To: The Real Deal who wrote (247) | 9/8/1998 3:35:00 PM | | From: brasilbound | | | |
Its truly unfortunate, but the nature of the market.
You may have read this before, but I recall an analyst Rhonda Wylse in San Diego, who at this time is continually harrassed, broadcasting that this stock would be in the high 50s by the end of the year. She said this when it was around $30 in April. Needless to say, a disaster occurred and without a lot of good reason. And you are right about this possibly falling to $1...thats the scary part. I don't think TSR is history, but its going to take until 2000 to get your $ back I would assume. If you have lost a lot, its probably worth just forgetting about it and waiting it out. I got blasted in a similar fashion with CYMER. Love that goddamn company, but lost way more money than I can afford. But, its just money... |
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| To: brasilbound who wrote (248) | 9/14/1998 10:42:00 PM | | From: Carl Wysocki | | | |
So, what's happening with this stock. I just heard about it
today, and checked out the 10k and 10qs.
My suspicion is that the stock price ran up based on enthusiasm
of the Y2K potential. Now that the company has said that Y2k is
slow in coming and will probably decline, has the market overreacted to the downside now?
The company is selling at a 10 PE, and I imagine the best way
to describe them is a longer term programmer temp agency. I
can see where that's not sexy, but lots of companies are outsourcing
this otherwise high overhead activity. Sure, a major customer or
two may reduce billable hours, and they'll probably have to pay
more for programmers than they can increase billings, but this
might already be reflected in the price.
I figure I'll hang on the sidelines until the next quarter's results,
but I'm seeking your inputs on this stock in the meantime.
Thanks,
Carl |
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| To: Carl Wysocki who wrote (249) | 9/16/1998 3:04:00 AM | | From: Richard Jonec | | | | |
Look at the long term chart on this one it usually starts to move during this time of year. I would not trade this one because it is quite illiquid, however a short to midterm hold 4 - 8 months may prove fruitful at these levels. Best regards Richard. |
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| To: Richard Jonec who wrote (250) | 10/1/1998 9:01:00 AM | | From: The Real Deal | | | |
Earnings out!!!
Thursday October 1, 8:07 am Eastern Time
Company Press Release
TSR, Inc. Reports Record Fiscal 1999 First-Quarter
Financial Results
HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Oct. 1, 1998--TSR, Inc., (Nasdaq:TSRI - news) a provider of computer
programming consulting services, today announced financial results for the fiscal 1999 first quarter ending August 31, 1998.
Revenues and earnings per share for the quarter, which were quarterly records, showed strong improvement over the
year-ago period. This is the eleventh straight quarter of year-over-year revenue and earnings growth.
For the first quarter, which ended August 31, 1998, revenues were $20.5 million, a 30 percent increase from $15.8 million
for the same quarter last year. Net income more than doubled to $1.1 million, or $0.18 per share (diluted), from last year's
net income of $469,000, or $0.08 per share.
Joseph Hughes, Chairman stated, ''We are pleased with the Company's continued sales and earnings growth. Demand for our
IT solutions remains strong and we continue to experience improved profitability. We also benefited this quarter from profits
from our Year 2000 business, which had incurred a loss in last year's first quarter. We expect the anticipated reduction in
business activity from this business will be more than offset by solid revenue and earnings growth from our main business,
providing information technology professionals to major institutions.''
Certain statements contained herein are forward-looking statements, as defined in the Private Securities Litigation Reform
Act of 1995. Actual results may differ materially from those set forth in the forward-looking statements due to known and
unknown risks and uncertainties, including but not limited to those described in the Company's filings under the Securities
Exchange Act of 1934.
Based in Hauppauge, New York, TSR, Inc., provides information technology professionals to major corporations and state
and local governments. |
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