Now that they have released the Papelbon and NASDAQ videos the stock should soar (JK). By the way, when they rang the bell at the NAZ, their stock was 20% below the IPO price 10 years earlier. They have no marketing which is a big broblem for a sales company. I think it should be worth $12 if they can hit their numbers. Big if based on last quarter. Anyone have an idea what Q3 looks like?
I am going to wait until they annouce some plan to get their SG&A in line. They grew their gross profit, but pissed it away by increasing their SG&A to 10.7% They should have anticipated the tough economic environment and reined in their SG&A. NSIT appears to be downsizing to get back to their historical SG&A. Gov is keeping them afloat for now, and they have lowered the bar for Q3, but the stock could trail off to $5-6 if the analyst downgrades the stock, which he will do if he doesn't get good answers on the CC today.