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$6.71 -0.43 (-6.02%)
9/4/2008 4:00 PM

NIC, Inc. (EGOV)

CAPS Rating:
****

The Company is a provider of eGovernment services that helps governments use the Internet to reduce costs and provide a higher level of service to businesses and citizens.

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Avatar jtallenmd (97.82) Submitted: 5/28/08 6:27 PM : Underperform Start Price: $8.12 EGOV Score: 7.35

I have owned shares of this company for years. The concept sounds great. They provide portals for local and state governments. Their websites are always winning awards. At first glance it looks great.

The problem with this company is their management. They are not shareholder friendly. Their opinion of themselves is as high as their stock price at the moment.

I recently sold a large portion of my shares. I only kept a token amount just because there is still a small part of me that thinks that the premise is better than the people running the company. In some ways I hope that I am right but I have my doubts.

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