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Wayside Technology Group, Inc. Message Board

  • djenkin3 djenkin3 Apr 30, 2005 9:45 AM Flag

    Conference Call

    This is what I got from the call

    Net sales up 46%
    Gross profit up $800,000
    Gross profit margin 11.4%

    IT spending relative to what Programmers Paradise sells averages $20 billion/year taking into account the peaks and valleys of good and bad times. They have captured $100 million/year.

    Company's policy is too hire as many qualified reps to capture more of this market.

    I really didn't hear anything in the cc that would explain why the price reacted the way it did.

    Perhaps there was the suspicion that they would be able to continue to grow the sales force by finding qualified personnel.

    Or why the Long Island sales people would take 9 months to become profitable contributors to the bottom line.

    In my opinion this stock will bounce back soon. Anyone else have an opinion here on the cc?

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    • Good Evening....

      Opinion of course....

      You have to be careful with the differences between conference calls and "Inside Selling" ["Real World"....IMHO]....

      INSIDER & RULE 144 TRANSACTIONS REPORTED

      Date /Insider /Shares Transaction /Value

      7-Mar-05 BOYER, MARK THOMAS
      Director 33,000 Sale at $15.3909 per share. $507,899
      4-Mar-05 BOYER, MARK THOMAS
      Director 15,100 Sale at $15.20 - $15.2147 per share. $230,0002
      3-Mar-05 BOYER, MARK THOMAS
      Director 500 Sale at $15.044 per share. $7,522
      3-Mar-05 BOYER, MARK THOMAS
      Director 60,000 Sale at $15.0052 per share. $900,312
      3-Mar-05 ROI PARTNERS LP
      Beneficial Owner (10% or more) 40,500 Sale at $15.0052 - $15.044 per share. $608,0002
      2-Mar-05 BOYER, MARK THOMAS
      Director 85,500 Sale at $15.1685 per share. $1,296,906
      2-Mar-05 ROI PARTNERS LP
      Beneficial Owner (10% or more) 50,900 Sale at $15.1685 per share. $772,076
      2-Mar-05 RDI CAPITAL MANGEMENT
      Director 194,300 Planned Sale

      Should investors be carrying any large positions, you may want to analyze where we are and talk with your financialm advisors. It appears any market price >13 has some risk to it currently....

      Those investors holding <1% of total portfolio, it is sugested as a further hold for the "LONG TERM" [IMHO]....

      Live Long and Prosper....
      Eddy

 
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