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  • bimmertx bimmertx Aug 9, 2010 5:23 PM Flag

    Actuate: Warming Up or Cooling Off?

    Richard, I finally get your point that they don't want to sell. Pete probably does want $12 to $15 per share. CFO did a sell of 9,500 shares on Aug. 6, may have needed it for expenses, but not a good sign that anything is in the works. I will continue to monitor, but if the market starts to correct, this will be in the $3's and then I will start to build a position.

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    • Bimm...I think they may want more then 15 dollars because this was a 37 dollar or so stock in the 2000 bubble...
      My guess is they want that bubble money back......
      What I do not know is , does management have twice as many shares today , then in the bubble days....If they have twice as many today then they would settle for 18 dollars or so....
      $18 would give them just their money back......& lets not forget how much ACTU has reduced the float in the past 4 years...That would give management more value fast....
      But , Pete sounded more like , " Pay us a Premium for our innovation ".....I think these guys want more then $18.00...That is why I think they would put an offer out , as to buy themselves...
      If they pull it off & take it private..Management wins...& or ..
      If ACTU makes offer to take them self's private , IBM or ORCL may not let them buy it so cheap...
      In any case , ACTU does have a great footprint in the high end market in BI , with lots of Tarmac to grow , & lower sales & marketing costs.......
      And , I think the Logo's of the new Blue Chip Slide that Pete went over , is a message to the competion , that your customer is Looking in the BIRT direction , & made a purchase....BINGO....Lots Of Friendly $30.00 hand shakes , coupled with , new conversation of how BIRT can work for you , on demand.......If I have it wrong please correct me...... Think of what a Big Boy could do , with ACTU Highly Different Platform...Long & Strong....

      & I know this P.E kind of guy is a terrible spellar

      • 1 Reply to richardtherings
      • Sorry, but I think you are way off base thinking they are holding out for the all time high. Cisco was a $100/sh during the boom. They are at $25 now and print money. I don't know if Actuate will hit double digits. They should have sold to Cognos years ago. I don't see the innovation you reference, there is nothing special about the technology and many companies have apps for the IPAD. I simply believe this is a stock to trade at the right times and nothing more. Would love to see it go down into the mid to low $3's which is very possible if the market starts heading down.