This company is road kill. No growth for 35 years in an industry which has grown 35 percent over the same time. How is this possible and why would anyone invest in it?
Be interesting to see the next short interest posting. It is very high now. Could be those folks have been seeing the rise over the last few weeks and are deciding to throw in the towel.
Could also be some stock buy back plus knowledge by investors the next earnings report will be very good.
colemans hedgefund budies are coverin from yesterday. look for another short dump monday or tues. Noworries coleman or the bod will do nothing..comeon bod its time to bag the duds. look at volume for this type of price move ........da
History will repeat itself as it has for 20 years. We will see teens again. There is no growth. A Clearpath miss and it starts over. Remember this price is really $2.95
It's rising because I sold all my stock at $24.40. It won't fall until I buy more. Don't do it, don't do it, don't do it ...............
Come on man, the onley thing moving this stock are colemans hedgefund buddies....
wait until the perferrred conversion to see some real downside
Coleman's remarks seem to say they have already closed some Clearpath and Q4 is pretty certain. I think that's why we're not looking at $17 now.
If you are a UIS trader, I guess you can find something here to encourage you. Otherwise, I don't see much to show any light at the end of the tunnel, long term.
Services rev continues to fall. Slow death. Colemans comment about margin improvement amounts to a few BPS. Interestingly, the only service segment that was up was maintenance! I guess the saving grace is that IBM and others had their own woes.
They highlighted challenges in Asia, but that accounts for less than 20% the business. Must have been really big. On the other hand, IBM also had shortfalls there in China.
Nowhere do they blame the government shutdown for the revenue shortfall, unless they mentioned it on the call. Neither did IBM.
From a technology perspective, Coleman wants to maintain a stable technology base. He did not say CP base, although he alluded to that separately. Guess you can read too much into PPT slides, but there was no indication that Stealth or Forward was going to launch a technology renaissance and turn technology revenue upward. They have been flogging Stealth for decade. I am not totally clear on Forward, but I doubt it will replace CP gross margins. Once again, they announce a new initiative with no customer references. IBM hardware was down 17% but mainframe revenue was up.
I don't talk to insiders as much as I used to, but when I do, I don't get much optimism.