You have to close your eyes and buy here, but I am more afraid now than ever that there is something very seriously wrong with the accounting. This stuff is not that hard. I know it as well as anyone. If you have to review 3,000 contracts, you have a serious, systemic problem. The only glimmer of hope is that if cash stays the same, then the revenue recognition redo will move revenues from previous periods out to later periods, thus making their horrific growth rate look somewhat better.
The fact that they are being sued by a long-time client is really bad. Saba is a company that has always been long on talk and short on getting it done. I know I sound like a broken record, but it all begins and ends with the idiot in the CEO chair.