It looks like coleman is going to let his hedgefund buddies push the stock price to a new 52 week low. As usual coleman and the BOD do nothing.
You got that right. UIS is a train wreck. It's worth less today then it was 40 years ago in an industry which has grown 35 percent a year for years.
How can UIS possible be this bad? I don't know if they make anything any longer. Once upon a time the actually built computers now all they do is put other companies stuff in a box call it UNISYS and make ZERO profit.
I worked there back in the 70s even then turnover was huge. I forgot they were still in business. If they keep reverse splitting sooner of later 1 share might be worth 100 bucks.
IBM buying out UIS what would they do with it?
In the 30 yrs I was in Sales I think Weinbach came closest to turning things around. He just couldn't get a grasp on Technology so the legacy stuff wasn't marketed. The rest of these "leaders" were all HP and IBM has beens that were run off from their companies. Coleman, I believe was brought in to cut costs and sell the company but everyone has figured out all it really has is Clearpath mainframes which generate tons of profit but are in a slow death spiral. So when the barclay's of the world start doing long term valuations there isn't anything plus the pension basically eats up all profits for the next 5-10 yrs. it was a great place to work with lots of talented people. It's pretty sad.
Whats Next....do we all sit and wait for Coleman to ride this one into the ground like he did with his last one, or is someone or something going to make a difference (its obviously NOT going to be the BOD). It amazes me, after following this stock for many years, that a single company can manage to have such abismal management at the top for so long a period. IMHO Colemans performance has been the worse of all his predessors for many years. We have not seen any revenue growth since he took office and every qtr its the same sad refrain....the market is tough, foreign currency , pension....Why is it that other companies manage to grow and make money with all of the same problems?? After initially riding on the coleman bandwagon I now believe the man does not know what he is doing. I can't believe that the institutions or anybody that is invested in this stock can be happy with whats going on??? but at every shareholders meeting when they ask for questions/comments from the floor the silence is deafening. The word frustration doesnt begin to describe how this shareholder feels.
Lets see if I got this right...
They lost 12.1 million last quarter after spending 13.1 million buying back stock.
So if they had not bought back any stock, it would have been a small profit last quarter. By buying back stock, they post a loss and can buy back more stock at this lower price. Sounds like they may repeat this in the next quarter as well; so maybe buy on this dip and sell before the next report to buy back after that dip as well. At some point they use up the money/time allocated for stock buy-back and then maybe report a profit?
All I'm saying is this is a Clearpath company, period. The weeds or noise is Stealth, forward, services. Only thing that moves profit is Clearpath. Always has been.
OMG...They do it again, why are coleman and his minions still here after years of not doing their job. Come on BOD off your #$%$ and on your feet it time to bag the duds....what a travesty
If it goes to 32 you make a 50% profit. Who cares what happened 8 Qtrs ago or what the stock basis is from a few years ago?Buy at 20 , sell at 32. I'm not Warren Buffet but I'm not going to get lost in the weeds either.
I'm just sayin'
This has happened a few times in the past, and many times only one small firm analyst would call in. However in the past when this has happened it has always been a buy signal.
Wow! The only news they report is low margin services contracts. Clearpath is 90% margin and it drives the quarterly business. Go back over the last 8 quarters and see what they say. It will be over in 10 yrs. waiting for $18 to get in. Which by the way is really under $2 bucks