No one seemed to respond to my thread about long term outlook but I will respond to yours and add some of my own. I think it probably was a good position you made seeing as now its close to its 52 week low. I made the mistake of loading up on this at 51.60 the day it crashed 30% 3 weeks ago in an UP market on Oct 28 when the dow was over 12k. Bad move.
I dont know what the future holds now, I assume I made a good decision since it is a dividend stock but the fact remains it is trading at over 10X book value!
Had CPSI been stockpiling cash all these years rather than giving it away in dividends, they'd be better protected from this sort of price action. Also, they'd have the wherewithal to go out an strengthen the product portfolio. They haven't partaken of the sales growth enjoyed by other vendors, and they aren't prepared for changes currently underway in the marketplace. This management isn't really sharp enough to navigate what's ahead, and that's a problem for investors.