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COREL
CORP (Nasdaq: CORL)
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| CORL (05/05/02- 1.29) -We
are looking to buy Corel stock on long term support. In December 1997 CORL
made a low of 1.41. In October 1998 CORL made a low of 1.06.
In December 2000 the stock made a low of 1.25. Corel's sales seemed
to have stabilized and we view the recent bundling agreement with Hewlett
Packard as a definite positive. CORL has cash and securities of 1.25
per share. After adding cash and receiveables and subtracting payables
and other liabilities, Corl has net cash and securities of .85 cents per
share.
We give CORL a 12 month
target of 4-5 dollars. With possible downside of a few pennies we
see this as a great entry point with a favorable risk to reward ratio.
BUY
NOW
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