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JimVanMeerten (61.08)

BMC manages cloud technology

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December 17, 2010 – Comments (0) | RELATED TICKERS: BMC

I added BMC Software (BMC) to the Barchart Van Meerten New High portfolio.  BMC provides software products on a worldwide basis that significantly increase the productivity, reliability and recoverability of its customers' core information technology operations, including their software applications and the systems on which they run. The company's goal is to help its customers improve the efficiency and productivity of their mainframe and distributed IT systems.

Their Enterprise Service Management Group looks to be a leader in the cloud computer managment technology.  No don't ask me to explain it but I know that's the future.

The stock has a 96% Barchart technical buy signal and hit 15 new highs and gained 10.55% in the last month.  With a price around 48.54 its Relative Strength Index is 71.89% and rising.

Wall Street brokerages think the sales will increase 6.10% next year and earnings per share should increase 7.00%.  I like their 5 year annual EPS growth rate estimated to be 13.07%

The fools on Motley Fool have notice this one too with the CAPS members voting 192 to 21 for the stock to beat the market.  The more experienced All Stars vote 78 to 7.  The Wall Street columnists articles have been positive 14 to 4.

I don't understand cloud technology but I understand the price movement:

1 - 96% Barchart technical buy signal

2 - Relative Strength Index of 75.27% and rising

3 - Wall Street brokerages pushing the stock based on an estimate of a 5 year annual EPS growth rate of 13.07%

Jim Van Meerten is an advisor to Marketocracy Capital Managementwho uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or emailJimVanMeerten@gmail.com.

Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog. 

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