To: R Sandvig who wrote (262) | 1/4/1999 8:46:00 AM | From: Susan Saline | | |
Took guts to buy at 7 since the ask at 7 was back in October. One reason I thought better to wait, was afraid of year end tax selling
hmmmm
I saw very little ... definatly a plus
The whole joke here is .... they have great income statements ... and TSRI trading at 10 is laughable.
LOW float, once she starts to roll, she will fly
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To: mrc who wrote (263) | 1/6/1999 9:12:00 PM | From: Susan Saline | | |
Wednesday January 6, 5:23 pm Eastern Time
Company Press Release
TSR Inc. Reports Record Financial Results for the Quarter Ended November 30, 1998
HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Jan. 6, 1999--TSR, Inc., (Nasdaq:TSRI - news) a provider of computer programming consulting services, today announced financial results for the fiscal 1999 second quarter ending November 30, 1998.
Revenues and earnings per share for the quarter, which were quarterly records, showed strong improvement over the year-ago period and marked the twelfth straight quarter of year-over-year revenue and earnings growth.
For the second quarter which ended November 30th, revenues increased 24% over the same quarter last year to $21.7 million. Net income increased 47% over the comparable period to $1.3 million, or 22 cents per share (diluted).
biz.yahoo.com |
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To: Susan Saline who wrote (265) | 1/7/1999 4:50:00 AM | From: mrc | | |
Thanks, Susan
I hope this is mentioned on cable this morning. After the gap up, then the usual dip, you will hear the sound of beep, beep, beep...that's my truck backing up.
Regards, mrc |
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To: Susan Saline who wrote (265) | 1/7/1999 11:34:00 AM | From: R Sandvig | | |
So Susan, did you buy any?
In response to your fears of tax loss selling, I have decided that the only thing that matters is the chart. All the guessing I have tried to do regarding tax loss, impeachment, Asia, Iraq, etc has just gotten me frustrated and usually been wrong.
Good investing! RS |
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To: R Sandvig who wrote (267) | 1/7/1999 11:37:00 AM | From: Susan Saline | | |
rs ... wish I could say I did, but I have so much on the table right now, that I could not do it. so many to choose from, so little money to go around. still holding the 2 positions I have though, and am bullish on the fundamentals and T/A |
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To: Susan Saline who wrote (268) | 1/14/1999 9:59:00 PM | From: Raymond James Norris | | |
TSRI's 10Q has been published at the following site:
edgar-online.com
I've read through it and am thoroughly impressed. Among the highlights I thought noteworthy:
* TSRI has 7.6 million in liquid cash. This translates into 1.30 in cash per share. That's very impressive when taken in light of two things: its low share price (12) and its non-existent debt.
* TSRI, as a direct result of the strong cash position, has 22.8 million in current assets vs. 5.1 million in current liabilities (of which, 1 million is simply cash advances: something the company won't have to worry about paying off).
* TSRI's margins improved. Net Profit Margins for this quarter widened to 6% from last year's 5%.
** The most significant item I liked was TSRI's net cash flow provided by operating activities. This was an AMAZING 3.3 million for the 6 months ended November 30, 1998. Compare this with last year's 1 million dollar loss.
All in all, this company is very strong fundamentally and is now growing both the bottom and top lines and strong speeds. Considering the strong ranking of its industry as well as the low p/e (which, while not as important as some believe, is still a relevant factor) of 16 makes it a very attractive investment.
Conservatively Yours, Raymond J. Norris |
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To: Raymond James Norris who wrote (269) | 2/25/1999 2:00:00 PM | From: BobInBush | | |
Y2k play Isn't this company involved in fixing Y2k problems? It seems overlooked, considering its strong financial position and the fact that the end of year is approaching soon. I am sure there will be tons of business next year, fixing all of the temporary patches for the date problems. |
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To: BobInBush who wrote (270) | 2/25/1999 5:45:00 PM | From: Raymond James Norris | | |
Bob,
There isnt much y2k work that TSR does. Its growth is coming from its main business. The have 5 straight years of revenue increases and EPS increases, 7.2 million in cash, no debt, and 6 million shares outstanding.
Conservatively Yours, Raymond J. Norris |
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