In Search For Profits

Friday, October 24, 2003


The Management Network Group, Inc. (NasdaqNM: TMNG, $2.69) is a provider of consulting services to the telecommunications industry and can benefit from the new wireless number portability imposed on wireless service providers by the FCC. Their 3rd qtr Earnings Conference Call will be in 10/30/03, 5pm EST.

Here is what flashfromnashville from the EVOL board says: "I believe that they are in the same category as EVOL was in late last year when it was recognized that a turnaround had started and that you could buy the stock for close to its cash value with minimal downside. ...They have around $2/share in NET balance sheet value (most of that in cash), $20 million in hidden tax credits and have indicated that they expect the current quarter (shortly to be reported) and the last quarter of their year to collectively be cash flow positive (so that the balance sheet values are safe.) They have also indicated that they do see an upturn in their business coming (although the current quarter to be reported shortly will probably still be pretty soft IMHO) THUS, this one could definitely become a 5 bagger within a year if they can regain some of their former revenue levels (they have about a 50% gross margin, tons of tax credits, so every $1 of additional business will bring $.50 down to the income line!)"





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