SSNC has impressive earnings gains compared to last year. But their cash, their investments, their total assets, and their stockholder equity amounts are each down. I see no explanation for the reductions in those amounts. It's peculiar.
If you haven't done so already, I would read the updated balance sheet.
Who is investing in the company? EMEA must be for sale in the near future ..... The sales team has become a real soap called Andrea van Duin and mr. Ed (the talking horse). Staff is hunted by mr. Deadley, who overpromises clients in a way that is even embarrassing for the staff. They complain at the client site about bonus being skipped. They even lie about the number of clients that are live on the new product. Why? Cannot believe this is true, but thanks anyway for all the email adresses that have been send with the latest newsletter. Very handy to sell Crystal Reports on the DOS databases. I suppose it will all get better in the near future. Let the best bidder win!!
Explained in press release that they purchased two companies for cash, bought back Treasury stock. Looks ok. They have an impressive list of clients. I can't imagine the financial firms involved here didn't do a major amt of DD before signing up with these guys.