I picked up some shares at $3.20 today. CTGX is well run, well positioned and will come out the macro-ecnon slowdown in very good shape with a good chance at 2-3X times as healthcare and other solutions businesses grow as a % of sales.
Took a little off the table today-given the run from the $2.80s to over $4.00. Given the weak guidance of ACN a few weeks ago, I would expect CTGX to issue very cautious guidance for the 2nd Q-especially as it relates to the staffing side of the business.
With the stock moving back to the $3.20s on fair volume it does suggest whomever wanted out is out. In addition, CSC's 4th Q healthcare revenues were up 17% y/y suggesting CTGX's healthcare sector focus will also have a good 4th Q and continue to be a great business for years to come.