Hope so. but we need to eliminate some of the uncertainty that is creating the vol. With Fed policy, China growth, energy supply vs demand, Euro zone concerns, continued cyberterrorism in a connected world qualms and still lingering deficit issues it's hard to be surprised we are feeling unsettled.
GIve us a quarter point fed raise with a soft guidance policy and things will look better:
- China has been a worry for years and it's still growing with only 0.5% impact on US GDP.
- Oil production is slowing next year and it's becoming clear that buyers are starting to enter which signals a bottoming process.
- Eurozone failure is almost in rear view mirror again.
- Cyber Security will benefit again looking forward but this one isn't going away so we'll just have to learn to live with the headline risk.
I don't know how much deeper the selloff will cut but history tells us 90% of the time we see a V shaped recovery -if it stays a correction- and returns to the prior high in 1.4x the duration. Could be forgotten by the time we are start the world series!
But don't take this as direction:)...Just another opinion to throw into the mix.
TCS has always licensed maps from others to use in their navigation apps. During my conversation with Whitehurst he admitted that they were disappointed with inability to gain any revenue traction in telematics through the QNX relationship. OTOH he was very upbeat that it led to a rethink regarding the connectedcar strategy which led to their decision to sell developer kits with open API architecture for others to create apps using their hooks for location.
Mark-Meant to tell you congrats on selling the stock before this recent selloff. Never easy to sell a stock that is looking as bullish as TSYS did when you pulled the trigger but anyone that has been around for a while knows how quickly this one can turn and how dangerous it is to hold through earnings. I was thinking along the same lines but decided to hold given the new BOD committee and all that entails.