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Global Imagining Claws Through Base.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: Christina Wise
Global Imaging Systems is working through an 18-week base and sits 23% short of its high. That consolidation is part of a larger base it began back in January 1999.
The Florida-based firm provides imaging services for offices, including maintaining and selling copiers and printers.
After a rough time in 2000 in terms of earnings, Global's profit growth has topped 39% the last three quarters. Analysts expect earnings growth of 16% to 64% the next three quarters.
But sales growth has slowed over the last two quarters, falling from 23% to 14% to 6%. At 4%, Global's ...
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