All those other suckers, keep selling! The more you sell the more TSRI can get a good deal on price. Earnings up!!!! 0.24 I am now waiting for a good time to buy a lot more. Congraduations management for the repurchases. Keep doing it aggressively, don't listen to the naysayers. Earnings growth is earnings growth, luckily the price is low.
Net income DOWN 9% over last year. Again I say that without the stock buyback we would of had a bad report. What will they do to rise net income next time? How many shares will they buy back to make it look good? Due your own DD.
I am in the private equity business and we have several companies in the space in our portfolio. They have all suffered from this Y2K slowdown. TSRI appears to have digested all of the Y2K business loss and future quarters will show some growth and least won't be negatively effected by the Y2K business. I think another round of buybacks would really move the stock at this point since the coming quarters will be much easier that the last few.
All of the IT services businesses are improving and a rising tide floats all boats.
Focus on free cash flow (this company generates a ton) and think of the possibilities. This little company is too thin for the day traders (are more politically correct active traders), however, it is great long term hold for the few investors would still have a calculator and understand cash flow, price to earnings ratios and appreciate crystal clean balance sheets. Buy this stock and put it in a drawer.
For the record I am long on TRSI and have been a shareholder for awhile.
Good luck to everyone. As some of these "bull market investors" sell large blocks take advantage of thier ignorance and short attention spans to snatch up a good deal.