I allways beleived what you said about CTSH, I know you have been bashed by others, but I respect your views. What is your projected price by the end of this year?
Strongly agree. "the pro" has provided fair and balanced advise and helped keep our sanity through many years. He has been an all weather friend philosopher and guide. May you live a hundred summers pro.
Altimapro, as per guidance of company full year EPS in 2008 will be $1.5. Assuming the company achieves it in this present difficult environment and assuming a PE of 30 keeping in view the general unfavourable market sentiment, the price after 2008 results should be 45. Of course the basis of this calculation could change resulting in variation of price. Any comments ?
I would also to record my deep appreciation of your valuable contribution on this board. I may mention that I am an investor in CTSH and am still in the negative territory.
The problem with all these bashers is they are fly by nights who have not studied the company, industry as well as PRO has. He will also be the 1st to say when he thinks things don't look as good as they should. Last quarter when the results came out, he said watch out and he was bashed then too!
I realize the market is changing all the time and what"was" doesn't mean that will always be. However, I think the company is compensating for the tougher environment(ruppee, slow down, etc). I too agree that slow down here means companies may be forced to have their IT needs done for cheaper.....CTSH can fit that need and has the experience to do it. Baby boomers are getting older and CTSH is getting more into the medical IT needs. I see a goood direction. It's been tough hanging in here on this long decline but I have had faith that the company would be back and to "some" degree was beatten down unjustly. Now it's giving us opportunity to pick up cheap shares.
Why just becuase we don't agree with you. I was familiar with this company when it was started by executives at Dunn and Bradstreet. I also worked with CTSH at IMS Health. So who is knowledgable about the company?
Between $50-56 a share. Each quarter their targets will go up. Business is great and the company is getting more efficient. Best of both worlds... the same idiots selling for the past 3 months are now buying back... the sentiment has changed back in our favor.. will be a "must own" stock again!
Why am I an idiot for selling at $43 then $37, while you are left still holding the bag at $32? Its called protecting capital. Pretty childish comment. I've owned this stock since the dunn and bradstreet spin-off. But, managements handling of Q3 was very poor. They easily closed that 2 million gap, so why did they issue such bad guidance. Maybe to get the shares lower? Management was selling shares in the months before and after...gee wouldn't ya know it they started to buy again.
Amazing how that $2 million revenue concern from last quarter over-punished this stock. Sanity has returned, at least temporarily. You have to feel very good about the confidnence expressed in the conference call. Agree that new highs will be reached in 2008.