SRF collapsed a lot today and yet results were good, just that current demand has slightly gone down. They have $80 million in cash too.

Does anyone think its good to buy? Not just cos its better value now but cos it is growing as time goes on.

thanks

Shares in Surfcontrol were among the index's biggest movers, dropping more than 21% in reaction to a profit warning which was caused by a sharp fall in new billings. House broker UBS moved to 'neutral' from 'buy' in reaction.


The internet filtering software maker said its sales and invoicing have come in below expectations during the second quarter, pushing underlying profits to around $3.8m-$4.1m against forecasts of $5m.


Surfcontrol blamed its invoicing shortfall on lower new customer signings, a quicker than expected move to the reseller channel, and a lower proportion of longer-term contracts being signed. The shares fell 160 1/2p to 597p - its lowest level for more than 7 months.

http://www.thisismoney.com/20040113/nm72911.html

I'm glad I picked SRf for the money AM comp and not my portfolio! Guess I won't be winning this year...