This is going right back up like PANL and RAX
Financial Vizualization shows CSC at a double top, with each new successive high lower than the last and never getting above the $50.50 top.
Plus, and heed this warning if you pay attention to none of the others,
INSIDERS ARE SELLING AND CONTINUE TO SELL!!!
Intrinsic Value is now between $94 and $117, BUT CSC likely to touch $32 or $24 before it touches $94.
Finally, once turnaround completed, if the stock touches $32 or $24, I still say with an Intrinsic Value of even $75, it is a great takeover candidate.
So when it gets below $40 that is the time to start getting back in, because you just never know when the vultures will swoop in.
CSC is only for speculation.
The company has no long term value or perspective.
This company is largely finished as an viable player in the IT outsourcing field. Done.
The Prior CEO + Current CEO, combined with 10 years of messed up, has done perm damage to the company. Whoever is the next buyer of the CSC, is going to be another sucker CEO, believe me on this.
One can expect another big write done of IP value in the $2B range within the next few years. Just check the balance sheet of the company. The auditing firm is not doing good job.
So, you suggested jumping at $48? The stock is under 44. Why don't you rethink your strategy
PEI is now imminent!