friends!!! This stock is so tired I sold this aft and took my loss. They don't even report "earnings" as scheduled--I have lost confidence. For those who are hanging on, you have my best wishes!! I hope you can wake TIER "management" in the future.
right after earnings if the price doesn't go up at least $2 in the next week. Too many other good companies with PR and price appreciation out there to hang on to this dog. I mean look at the market today!! Even Unisys (UIS)went up $2+ today!!!
I fully understand your reasons for exiting and I fully agree with your comment regarding the waking of Tier Management to PR necessities. However, I think you by leaving are missing the next big move by Tier. Now by that I dont even fool myself into thinking this is gonna return to the teens or twenties. But I can see a 4 to 5 dollar gain in the next three to four months.
I'd love to see a gain in the short or long term, but I don't think the stock is headed anyhere but down from here.
I suspect earnings are going to be disappointing. If an earnings shortfall pushes the stock below $5 watch out below -- it's no longer marginable by most brokers and it's no longer an "investment grade" stock under the guidelines of most institutional investors. Both things would cause a lot of sellside pressure.
For the longer term, I don't have much hope. Tier is being sued by one of its largest former clients (Unisys), hasn't earned follow on work from its largest client (Humana) and hasn't won any new commerical work in more than a year. All of its new work is coming from the payment processing division. It may end up being profitable for Tier, but it's a whole new line of business and it's not the IT business that Tier claims to be in. Also, founders, members of management and consultants are continuing to stampede out the door looking for greener pastures.
I've sold almost my entire position in Tier and hold a few shares in the hope that lighting may strike (an acquisition or big commercial contract award) so that I can end up even at the end of the day.
When are these earnings going to be reported? I agree with ChiefYn1 that TIER will probably go back to 8-10 a share - with the big contracts underway, it would be hard to screw it up. But - I think the glory days are over, and it will just be a nice little $10 stock for the next few years - just kind of drifting up with inflation.