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Saba Software, Inc. (SABA) Message Board

  • jobe1098 jobe1098 Sep 24, 2010 9:59 AM Flag

    Buying

    Thought we'd see a selloff to 5.25 or so. It hit, then dipped to 5.09 or so. I placed an order at 5.10, got lucky, an added. I like Saba to move higher given projections for the balance of the year. With a huge backlog, plenty of cash, no debt, and expectations of over 90m for the next 3 1/4s, stock will move up smartly from here.

    Jobe

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    • I am a long (and in profit). Disappointed with the result - acknowledge the reasons but have heard similar several times before. Am most encouarged by how little of the buy- back has been used ~15% - implies there is a very hard bottom to the share price out there and explains the level of stability.

      Not going to sell any time soon.

      • 2 Replies to togmundus2003
      • I also bought around 5.50 .. I think it's undervalued for a software company this size with this customer base... should have much higher market cap. One good December results will take the stock to 8 to 10 range....

      • I agree, disappointing bottom line. If you look at the filing, Saba increased their marketing expense by 3m for the 1/4. That accounts for about .22/share. From the report and the cc transcript, appears they've added sales people, from 30 to about 43, with a goal of 50. Also, they're closing more deals, but deals that result in deferred revenues, which bodes very well for the next 3 1/4s. In spite of the loss, cash on hand increased nicely. The stock should really go up from here after the initial knee jerk reaction. I wouldn't be too shocked to see a bigger competitor come after Saba.

        Jobe

 
SABA
13.90-0.18(-1.28%)Sep 22 2:46 PMEDT

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