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 High Speed Net Dippy Foods WSi Interactive FutureOne Inc. Teltran Int'l Advanced Comm.Tech Atlantic Data Svcs.  A Few Rules  Copyright & copy; 1999 Russ Klein 
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SEPTEMBER 1999 MONTHLY STOCK PICK Here's a company that I first reviewed in my May 1995 issue of "Russ Reports" at $5.125 per share. The price went up to $11.125 by September 1995. We now find the price of this stock at what I feel is a long term bargain - and below Book Value of $3.06 per share - so I am bringing it to your attention once again.
DIEHL GRAPHSOFT INC.(DIEG)OTC-------Recent Price $2.75 DIEHL GRAPHSOFT was founded in June 1985, with the intent to develop a new and original approach to computer aided design (CAD) software. The Company's products are intended to enable sophisticated design, architectural, and engineering projects to be successfully undertaken on relatively inexpensive computer hardware, thereby expanding the market for CAD software and decreasing costs of such work in the industry. The Company's strategy also includes offering integrated industry specific software tools based on the Company's CAD technology to service the needs of design, engineering, and architectural professionals in a cost effective manner. DIEHL has developed a related series of CAD software packages for the Apple Macintosh microcomputer and for IBM compatible microcomputers using the Microsoft Windows operating systems. Diehl markets a 2 and 3 dimensional CAD program called MiniCAD with broad capabilities including a data base, report generation, and programmability. Diehl also markets specialized modules which enhance the ability of MiniCAD to serve specialized markets such as architectural, civil, and mechanical engineering. These specialized modules are included in MiniCAD itself. Revenues for the year ended May 31,'98 were $7,367,360, up $1,344,646 from a year ago, while net income was $992,882 or $0.32 per sh. compared to $546,004 or $0.17 per sh., a year ago. DIEHL's financial position remains very strong. At fiscal year end, they had $8,203,554 in cash and marketable securities on hand which was equivalent to $2.61 per share. These funds provide the company ready access to cash to support its ongoing product development and marketing efforts. RICHARD DIEHL, Chairman, President and CEO had this to say in his annual message to shareholders: "For the fiscal year ended May 31, 1998, we continued to make progress in our two-year old strategy to reposition the primary focus of the company toward establishing it and our products as significant players in the Windows Market. We also continue to be helped by the dominant position MiniCAD continues to enjoy in the niche Macintosh sector. We are, therefore, pleased to report record revenues and an 81.8% increase in net income over those posted in fiscal 1997. In September 1998, the Board of Directors authorized the Company to purchase up to 300,000 shares of its common stock under prevailing conditions as applicable under appropriate securities laws. The decision was made because we believe the financial community is not fully aware of the inherent long-term strengths of the company, including its financial position and that using our strong cash position to purchase this stock is a good investment for our shareholders. In looking ahead to fiscal 1999, our strategy will emphasize: (1) strong inroads into the Windows market, (2) increased level of international market penetration in the 80-plus countries to which we sell, and (3) the effects of the apparent strengthening in the Macintosh sector. Further, we expect to benefit from our new product introduction and the highly favorable operating flexibility our strong balance sheet provides us. We remain fully committed to our overriding objective which is to increase long-term shareholder value." Take a close look at Diehl if you are a long term oriented investor. .Click here to return to Editor's View
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