RawGreed Requests, CNVR

Posted on November 13, 2005 , filed under Stocks | Print This Post

Kai writes,

What’s is your assessment of the Excalibur search technology by CNVR? Can this generate Google-like investor interest?

I doubt anything in the near term can generate Google-like investor interest. Google is the bull market’s darling and I doubt we’ll see another company with the same broad market reach of Google for quite sometime. Just mention Google’s name in the same breath as another public company and the said company’s stock should pop. CNVR, Convera Corp. appears to be headed in the right direction. The company has recently announced new government contracts, growing revenues and increasing margins. I would wait and see what the 3rd quarter earnings results, set to be announced at the market close of November 30th, will be before investing in the company. As you might be able to tell by reading, I prefer slow and steady growth, with a few consecutive quarters of consistent results, compared to what has happened, which is a sudden pop in the price of CNVR. The price of the stock has already jumped up nearly 300% this year. It’s also worthy to note that there are over 4 Million short shares out on CNVR. I believe CNVR will have to announce extremely positive results November 30th to continue its aggressive rise up.

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