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18 pts

Opinion on  Synchronoss Technologies Inc. (SNCR)     Sector: Technology  >  Industry: Software & Programming
Synchronoss Technologies (SNCR)

Dec 20, 2007 12:00 AM GMT
Robertfreedlandphoto
Return Risk
+1.30% HIGH
Principal

Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice ! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.

I wanted to update all of you about my latest 'trade' in my investment account. While the bulk of my portfolio remains as what I refer to as a 'disciplined investment strategy' approach, I continue to reserve the right to dabble in what I would call ultra-short-term trades. I am utilizing essentially the same screening criteria to identify these stocks and am trying to learn about what works and what doesn't. (I am certainly getting experience in 'what doesn't' lately!)

Anyhow, checking the list of top % gainers on the NASDAQ I came across Synchronoss Technologies (SNCR) trading at $36.23 up $3.71 or 11.41% as I write. A few moments ago I purchased 600 shares of SNCR at a cost of $35.96. Let me explain this, and explain why

SYNCHRONOSS TECHNOLOGIES (SNCR) IS RATED A BUY

First of all the stock is showing strong daily momentum today. Looking at some fundamentals, the last quarter was exceptionally strong with revenue increasing 82% year-over year, and 10% sequentially. Net income was also up sharply coming in at $8 million vs. a little over $3 million last year. On a per share basis this was $.25/share up from $.10/share last year.

Longer-term, the Morningstar.com '5-Yr Restated' financials page is also quite strong. The only noticeable blemish was a slight dip in earnings last year which has been more than made up with the recent reports. Also, the company has been increasing its shares outstanding, but revenue and earnings growth far exceeds this dilution.

Finally, the chart from StockCharts.com is quite strong, although recently the stock has pulled back from highs near $49 in October, 2007, and dipped as low as $29 in November, 2007. Most recently, the stock has broken through resistance and appears to be moving higher once more.

Anyhow, I sensed the market firming after earlier weakness this morning and appeared to want to race into the close. I thought I would hop on with this stock which is worthy of consideration in its own right.

Thanks so much for dropping by! If you have any comments or questions, please feel free to leave them on the blog or email me at bobsadviceforstocks@lycos.com. Have a great weekend everyone and a Merry Christmas to all of my friends from this amateur investor in Wisconsin. May Santa bring you everything you have asked for; and may 2008 bring you everything you need and not necessarily everything you want.

Bob

 





Update 12/21:


Hello Friends!  Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice!   As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on my information on this website.

Yesterday I made an 'oversized' purchase of shares in Synchronoss Technologies (SNCR) as a 'trade'.  This morning, with the market up strongly, I undid 2/3 of that position, selling 400 of my 600 shares at $37.77.   These shares were purchased yesterday (12/20/07) with a cost basis of $35.98.  Thus I had a gain of $1.79 or 5% on this purchase.  Since I still like the numbers and the stock in general,

SYNCHRONOSS TECHNOLOGIES (SNCR) IS RATED A BUY

Since I generally like this company and the stock is acting well, I didn't sell my entire position and still have 200 remaining shares in my trading account.  I am extremely novice (even more amateur than my 'disciplined' trading strategy approach) at these short-term trades and am feeling my way through these.  Overall, I have had as many flops as successes with my "trades" and do not claim any expertise at all at this process.

I wanted to update all of you on this as I always want to share with you what and why I am doing.  I look forward to hearing some of your comments either here on the blog or email me at bobsadviceforstocks@lycos.com if you have any comments or questions. 

Meanwhile, be sure and stop by and visit my Covestor page where my overall trading account continues to be analyzed, my SocialPicks Page where my stock picks are reviewed and my Podcast Page where you can downloan an mp3 of me discussing some of the various stocks and my thinking behind their selection and portfolio management strategies.  You might also hear me read a poem :).

Have a great afternoon and a wonderful Christmas and New Year Holiday!

Bob 





Update 12/24:


Hello Friends!  Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please consult with your professional investment advisers prior to making any investment decisions based on information on this website.

A few moments ago I sold my last 200 shares of Synchronoss (SNCR) at $37.54.  These shares were purchased as a 'trade' and I wanted to clear them out so that I could get back to my usual portfolio management strategy.   (In addition, without these shares I can, in my own mind, make another trade as well!)  These shares were just purchased 12/20/07 at a cost basis of $35.96, so I had a gain of $1.58 or 4.4% since purchase.

Regardless of my own sale which has nothing to do with my overall opinion on this stock,

SYNCHRONOSS (SNCR) IS RATED A BUY

Just keeping you posted.  I don't know if I should or shouldn't be dabbling in these trades, but since my overall performance has been very solid this year, I am willing to put my toes in the water in this very volatile and very risky activity!  Thanks for visiting and wishing you all a very Happy Holiday Season!

Bob 





SNCR:  This call was made on 12/20/07 @ $38.26
Rating:   Positive   $38.26 (12/20/07)
Gain/Loss:   -50.37% in 1621 days


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