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MROI -
(10/03/02 - $7.04)
MRO Software has
come down to chart support again. During October 1998 MROI
traded as low as $6.23 (split adjusted). In April 2001 MROI
traded as low as $6.75. This past July $6.65 was the low.
And
now we sit at $7.04, so we are recommending buying at the current
price.
On July 18, 2002 MRO Software reported revenues of $41.4 million, a pro
forma profit of .08, and a GAAP loss of .08. Sales were down 12%
from the prior year quarter but up 9% sequentially. MROI
has
$2.64 in cash and securities per share and a book value of $3.13.
The stock trades at 1x sales and the company carries no debt.
UPDATE
9/8/03 : Sold MROI at $14.29. Gain of
103%.
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