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StockIceMan's Weekly Stock Pick
Week of January 13th, 2003




Stock: Docucorp International
   
Ticker Symbol: DOCC - Nasdaq - Software & Programming
   
Buy: 7.00 to 7.50
   
Sell: 12.00 +
   
Info: Docucorp International, Inc. develops, markets and supports a portfolio of enterprise-wide software products that enable users to acquire, manage, personalize and present information. The Company provides professional services related to its information software products including consulting, implementation, integration and training. In addition, Docucorp provides application service provider (ASP) hosting using its software and facilities to provide processing, print, mail, archival and Internet delivery of documents for customers that outsource these activities. The Company's software products support hardware platforms, operating systems, printers and imaging systems. These products are designed to automate applications that require high-volume acquisition, management, personalization and presentation of information such as insurance policies, utility statements, bank and mutual fund statements, invoices, call center correspondence and electronic bill presentment and payment.
Financial Info: The Company also provides related professional services. For the three months ended 10/31/02, revenues rose 6% to $18.1 million.
   
Key Ratios: Current Ratio: 1.75; Total Debt/Equity: 0.00, P/E: 18.95x, Price/Book: 2.96, Price/Sales: 1.51
   
Share Info: There are 13.3 million shares outstanding with 9.1 million shares in the trading float. 116 Institutions own approximately 35.0 % of the shares outstanding. There have been 15 insiders selling a total of 127,000 shares in the last six months.

As of 12/9/2002, there were 502,000 shares short.

Net Institutional Buying: 2.42 million shares: prior to latest quarter.
   
Articles: Docucorp Expands ASP Services

 
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