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StockIceMan's Weekly Stock Pick
Week of January 4th, 2004



Stock: American Software, Inc.
   
Ticker Symbol: AMSWA - Nasdaq - Software and Programming
   
Buy: 7.50 to 8.00
   
Sell: 17.00 +
   
Info: American Software, Inc. develops, markets and supports a portfolio of software and services that deliver enterprise management and collaborative supply chain solutions to the global marketplace. The Collaborative Supply Chain Management segment consists of Logility, Inc., an 86%-owned subsidiary that provides collaborative supply chain solutions to streamline and optimize the production, distribution and management of products between trading partners. The Enterprise Resource Planning (ERP) segment consists of American Software ERP, which provides purchasing and materials management, customer order processing, financial, e-commerce, Flow Manufacturing and traditional manufacturing solutions, as well as New Generation Computing, which provides industry-specific business software to both retailers and manufacturers in the apparel and sewn products industry. The Information Technology (IT) Consulting segment consists of The Proven Method, Inc., an IT staffing and consulting services firm.
Financial Info: For the six months ended 10/31/03, revenues fell 9% to $26.6 million. Net income from continuing operations rose 35% to $3.4 million.
   
Key Ratios: Current Ratio: 4.76; Total Debt/Equity: 0.00, P/E: N/A, Price/Book: 2.17, Price/Sales: 2.84
   
Share Info: There are 22.46 million shares outstanding with 18.60 million shares in the trading float. Institutions own approximately 39.05 % of the shares outstanding. There has been 22 insider sales transactions totaling 314,000 shares in the last six months.

As of 12/8/2003, there were 8,000 shares short.

Net Institutional Buying: 1.038 million shares: prior to latest quarter.
   
Articles: AMERICAN SOFTWARE INC Files SEC form 10-Q, Quarterly Report

 
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