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NICE Systems Ltd. Message Board

  • shanghaishark shanghaishark Aug 10, 2011 8:59 PM Flag

    buying @ 27 level...

    will keep adding from time to time at 27 and if it goes down... especially keeping in mind that the company has $10/sh in cash and they have a substantial buyback plan in place... also, as nice is sitting on so much cash, it's in the cat bird's seat when it comes to acquisitions... market slump improves value proposition for takeovers... i have faith that nice will make the most of this downturn and trace a solid recovery over time...

    might be premature, but i've reallocated some funds into the market during the recent swoon... been wanting to start some positions in well-run organizations and figured initiating at/around yearly lows is probably a reasonable strategy for a l-t portfolio... agriculture/media/energy/emerging market etfs/ ... even threw some cisco in there today along with gs, which is trading for less than book.... still maintaining the bulk of my retirement funds in cash waiting to see how things shake out... definitely have to stay nimble and have an iron stomach in this market!

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    • looking to acquire some more shares - hopefully under 27... might be premature, but given nice's balance sheet, buyback program, business prospects (including upcoming olympics, world cup, etc.) taking a longer term view makes nice a no-brainer buy in the 20's...imo... not betting the farm, mind you, but am expanding my core position on the extreme dips...

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