Pega climbs to No. 8 on Fortune's list of fastest growning companies
Like I said before, Pega sees the big picture, it is in land grab mode and is not going to let short term earnings hits caused by slicing off bigger pieces of pie deter it from its growth strategy.
Trefler isn't selling because he cares about long term value and couldn't care less what a bunch of day traders or short term position players think. Nor does he care if his EPS doesn't hit targets that analysts (other people on the outside looking in) think it should hit.
While most everyone else is laying off employees and going into a shell in this economic environment, Pega is hiring, kicking tail and taking everyone's lunch money.
Shareholders were dissappointed. In today's environment, punishment for dissappointments are swift. We have probably seen the lows for this cycle. IF PEGA dissappoints again, we will be down to the low teens next time. But, I do not think that will happen.
I am a long term player. I bought more on this dip. Alan can be a long term player too and not care about reactions to any given quarter; he owns over 50% of the stock. Also, with even the very small dividend, for him it's worth over $500 thousand a quarter.
So buy some and put it away. Patiences pays with PEGA.