JCDA - (recommended to subscribers on 4/13/03 at $1.70)

    On February 11th Jacada LTD., a software provider, reported 4th quarter 2002 revenue of $5.6 million and net income of $444,000 or 2 cents per share.  Revenue was down slightly from the $5.8 million reported in the 4th quarter of 2001, but was up sequentially.  Also, software license revenue was up 52% sequentially.  The 4th quarter of 2002 was the first time Jacada realized positive income from operations.  For the year JCDA reported a net loss of $2.9 million on revenue of $21.5 million.  JCDA has a book value of $2.15 per share.  The company has $41.4 million in cash and investments which comes out to $2.19 a share.  The stock trades below both cash and book value and has a market capitalization of $32 million. Jacada is debt free. 

     Technically, the stock has traded around it's 200 day moving average over the past month, while consistently closing above it.  We recommend buying as JCDA trades through $1.75 which has acted as resistance during the past month.

1/8/04 - Sold 1/08/04 at $4.33 for a gain of 146%
 

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