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SS&C Technologies Holdings, Inc. Message Board

  • i_command_thee_down i_command_thee_down Mar 1, 2004 3:28 PM Flag

    I SAY DOWN WE GO HAHAHHAHA

    <EOM>

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    • It amazes me that several people posting on this board
      can actually believe they know something about investing !


      Remember please, SSNC sells much of their product to
      Hedge Funds; Hedge Funds are well known for what ?


      Very good: INVESTING


      In order to sell to Hedge Funds, the sophistication of
      SSNC's product I would say vastly exceeds anyone's,
      certainly including myself, knowledge of investing, der-
      ivative hedging and the like.


      Then, wouldn't it be logical to assume that if SSNC can
      sell products to Hedge Funds which are integral to their bus-
      iness and operations, just maybe they also know some-
      thing about investing, financing, capital formation, etc. ?


      That being said, while I have absolutely no idea the intent
      or designs for this secondary offering, my strong guess
      would be they know what they're doing, and certainly more
      than the people posting here.


      I 'spose the answer could be they are crooks ! Oops, the
      Chairman is a huge stock holder, so he would then be
      also hurting himself; not likely !


      Remember also, the same people who have guided this
      Company's stock in the past year to an approx. quadruple
      in stock price, mostly via earnings, are the same one's
      performing this little maneuver.


      Again, I have no idea why, but for an approx. 20% dilution
      and the stock to only decline only about 4% so far , I'd say
      that's pretty good and the "big, smart money" seems to agree.


      This Secondary may not be good for the traders amongst you;
      I can understand that; but for the investor, my bet is this will
      all pay off handsomely.

      • 1 Reply to arak1147
      • Yes, and short interest increased by 60%in Jan-Feb. Hedge funds are the ones shorting this stock.

        SSNC's license revenues have been abyssmal over the last three years- and in the recent qtr they were flat to slightly down. They acquired a fund administrator,so now SSNC is competing with some of the firms it licenses its software to. Yes outsourcing is up, but its very low relative to its overall revenue.

        So, you think buying a software company that has had flat licensing growth warrants a market cap that is 9X revenues? You do the math- but this stock is way overextended, and no matter what the company has done to become profitable (it has done a good job at this), this stock price is unsustainable.

        Ofcourse, the underwriters don't want anyone to understand these facts, at least until their fees are paid. And once the cash is in the bank SSNC can generate more investment banking revenues for them. It's a joke.

 
SSNC
45.26+0.15(+0.33%)Aug 29 4:00 PMEDT

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