I completely agree. As everyone knows, the highest stock valuation get not the company with biggest EPS, but with highest growth rate. I see the upcoming earnings announcement as the end of the bad news.
The consensus on this board for the past three weeks is that this quarter will not be good - My point is that I would rather have $50 mil. in signed contracts and a bad current quarter, than a blowout quarter with no new contracts. Obviously everyone would like both a great quarter AND the signed contracts. Microsoft just announced a great quarter, but also an earnings warning for next quarter because of a slowdown and Y2K. Check MSFT tomorrow to see what happends with a quarter ahead warning. I'd rather have TIER today.
Even if earnings are bad this quarter (even a loss) I don't think the price is going any lower - this may be about the low point. Market always looks a quarter to 6 months ahead, and with the two large contracts, earnings next two to 6 quarters look good. I think the train has left the station - last chance to get in below 7.
I just thought that any earnings report, bad or good could trigger the stock price hike. First, it's going to contain some forward looking statements. Second, it will give TIER more visibility. In fact, a suprize on negative side (like loss)will make it even more visible.