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Perficient Inc. Message Board

  • MCROC43 MCROC43 Nov 17, 2008 2:50 PM Flag


    This stock is hardly ever up anymore. Just bleeds away. Take today, down %9! No news, just cr#p. Give me a break. This company should look for a buyer.

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    • There is a problem. They want to buy the company. But not the management. Thats is a problem. It is not pathetic. This stock has fallen and life alert device is not working. Thats the problem.

    • Thats exactly I posted earlier. Step #1, they should seek an investment banker.
      #2. Buyback its share to the hilt so that it is attractive to the buyer.
      Currently management is gun shy of buying back fearing it could drop further. But they can make it attractive to buyback upto 50 millions and then can command better pricing for the remaining 20 million stocks with a better EPS and EBITDA. Smart management should buyback irresepective of their strategy so that they can protect their value and establish a higher valuation for the company both from the suitors or from the market when things improve. A bold action is needed.

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