Even though earnings were released on August 13, the Yahoo Forecast has still to be updated. (Very odd if you ask me?) It appears that we have lost one analysis and only have one left. No earnings forecast are shown for fiscal 2005. The reports seem to be good and good news continues.
�We�ve focused more on the Fortune 500, the sales evaluation, and especially the contract closing cycle, have lengthened due to the many levels of managerial review of our customers. Today, we have the most robust backlog of opportunities in both of these areas, and we continue to be very enthusiastic about this line of business, and the opportunities these software opportunities bring to our ECM marketing plan.
The earnings power of our business model continues to produce very good results, with diverse sources of revenues and gross margin and the ability to invest for the future.�
Does anyone have any thoughts on the recent stock performance? Could it be the loss of the analysis coverage having their customer's selling?
I think that with its nice run up since spring, it languished near 14 for a while, and when it couldn't punch through, near term resistance was established. Some people took the opportunity to cash in profits.
The price dips lately have been wild for PLUS, with some recovery later. I need to place closer attention and pick up some more shares if it dips below 12 again.