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.