Patient investors who weren't so erratic and jumpy enough to sell will make some nice gains. Those who sold at 26 range, thank you very much for selling to me at such a beautiful price. Thanks to all the shorters!
At the conference call, CSC management alluded to that they were exploring ways to increase the value of the stock.Now that the possibility of a breakup as well as a takeover have been tossed onto the table, I think CSC management has weeks not months, quarters, or years to do something.It is clear something is about to happen and unless CSC management wants someone else deciding their fate they had better get on the stick and DO SOMETHING!
to Qtr call- Did they say why they suspended the buyback program in the call? Thanks in advance
Yes! At conference call CSC management announced buyback has been suspended. It was because of NHS contract re-negotiations, MSS accounting issues, or lawsuits (I forget which one it was).CSC counsel advised CSC management could not continue buyback while one (or more) of these issues were still unresolved.
I think it's not probable by now, there are too many questions on the air, mainly NHS contractI would like a takeover but a higher prices