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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To: rag2rag who wrote (273) | 4/15/1999 3:33:00 PM | From: BobInBush | | |
Another good quarter I think everyone is missing the boat on this one. Check this weeks news on TRSI
Below is one of the press releases ----------------------------------------------------- SR tops analysts' earnings views
TSR Inc. shares edged lower after the company said it earned 20 cents per share, 2 cents more than analysts expected. The computer consulting company (TSRI) earned 17 cents per share in the fiscal third quarter last year. In a press release, TSR said that sales increased 16 percent to $20.8 million. Shares fell 1/4 to 6 9/16, about 2 points above a 52-week low. |
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To: John Anderfuren who wrote (276) | 5/14/1999 6:45:00 AM | From: mrc | | |
John, I haven't a clue. Encouraging signs: Clearstation gave it a buy signal, huge volume without news, reached the high of late March and sitting near 50 day average. This stock should be nearer to 12 than 7 but time will tell.
Take care mrc |
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To: mrc who wrote (277) | 5/14/1999 11:10:00 AM | From: BobInBush | | |
MRC; I think you are right. Those who accumulate now will have their patience rewarded when this decides to become active again. Growing revenues and profits. The only thing that may keep this trading flat is the low profile they keep, not much news or hype, just solid growth and revenue. |
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