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2morrowsGains

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2morrowsGains

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Re: researcher59 post# 15057

Wednesday, 06/29/2005 10:55:24 AM

Wednesday, June 29, 2005 10:55:24 AM

Post# of 173790
PLUS...Excluding Ariba settlment, revs & margins did slip over last year, but ePlus continued their strong share buyback program by repurchasing another 448,616 shares of common stock @ an average cost of $12.70 PER SHARE!!! Total share repurchasing cost = $5.7M!! (I doubt they used any of the Ariba settlement $ for the share buyback, since they did not recieve it until the end of March). Add to that the recent Hovde insider buying (almost 100k shares over the last 2 months), and I'd say something's up.
CC is Friday. Should get more news then. Maybe they'll mention the patent infringement suit they supposedly filed against SAP in April.
ePlus now has $4.36 in cash & equiv, w/ a book value of $14.84 a share.
BTW, I also sold a few shares @ approx $13.50. Holding the rest.





The information posted by 2morrowsGains is opinion only and should not to be taken as investment advice.

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