I keep seeing the same "propoganda" about how DDD "should" drop in value but there is ZERO justification either technically, logically or even fundementally other than #$%$" being spewed by those sources. It's nice to see today's POP and hopefully this (as well as next weeks) will force many (if not all) of these "shorties" out of their positions returning this stock to it's (more appropriate) trading trend (upwards)
Sentiment: Strong Buy
Harry has posted Charts of the Day video on BSFT at TheTechTrader site noting: BroadSoft, Inc. (BSFT) had a nice day on Monday, up 99 cents to 32.44 on 380,300 shares. That’s the best volume in five days. It had a nice consolidation, and formed a nice little wedge. It looks like it broke out. If it continues upward, the target on this one is 37.00. If it remains so, it’s a swing trade.
BroadSoft Inc (BSFT): Sagard Capital Partners Is Bullish on the Stock and Discloses $35 Mln Stake
Published: October 28, 2014 at 5:23 pm
Dan Friedberg‘s Sagard Capital Partners has disclosed raising its stake in BroadSoft Inc (NASDAQ:BSFT). A new filing with the Securities and Exchange Commission showed that Sagard currently holds around 1.62 million shares of the company, versus 567,000 shares reported in its latest 13F filing. The stake is activist by nature and amasses 5.6% of the company.
In this way, BroadSoft Inc (NASDAQ:BSFT) might be another company that might provide investors with long-term value. The stock gained more than 150% since its IPO back in 2010, although over the last 52 weeks it declined by around 37%, underperforming in relation to the application software industry, which returned around 7%. However, the decline came despite the company reporting solid financial results with increases on top and bottom lines. For the second quarter, the revenue went up by 19% on the year to around $52 million, while its net income went up to $0.06 per share, from a loss of $0.11 per share reported for the same period last year.
Another investor that is bullish on BroadSoft Inc (NASDAQ:BSFT) is George Soros, whose fund, Soros Fund Management, initiated a stake in the company during the second quarter and reported holding around 869,800 shares in its latest 13F filing. Lee Munder‘s Lee Munder Capital Group upped its stake by 51% on the quarter and holds 968,000 shares as of the end of June.
Because there are only 28 million shares and the price can be easily moved and manipulated from a mere sneeze or fart.