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Edgewater Technology Inc. Message Board

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  • onperm onperm Sep 29, 1998 11:42 AM Flag

    Why Is This Stock Suffering So Much?

    As we speak acquisitions are happening in Texas.
    Being short was a good move on your part, however don't
    play that card to long. All staffing companies are
    being hurt. Smart money is buying. This is an industry
    that the street has not realized it's potential. Your
    right about the blackout. Afterwards you will see news
    and reviews that will move this stock. Currently
    everything is tied into the Walter's deal. I'll say it
    again, this is a great deal for all stock holders.

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    • You're right on the money! Blackout will be
      effective 'til the deal with Walters closes. Going to
      shareholder for a vote around the 3rd week in Oct.
      Coincidentally, that's when we should also get some 3rd quarter
      earnings numbers. I wouldn't be surprised to see a modest
      upside surprise, but I'll be very happy with in-line
      eps. That's put the trailing 12 mos eps at $1.35 per
      share versus $0.87 this time last year. Not too shabby!
      How'd you like your net income to be increasing like
      this each year?!!!

      By the way, the blackout
      period does NOT prohibit other firms to issue research
      opinions. It only applies to Morgan Stanley, Goldman Sachs
      and the folks at StaffMark. I like buying a $50
      company at $18 -- regardless whether it takes 1 month or
      12 months for others to warm up to this explosive
      growth story.

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