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American Software, Inc. (AMSWA)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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14.00+0.28 (+2.04%)
At close: 4:00PM EDT
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  • j
    jerryk
    Why doesn't the BOD get rid of Dow? Because they continue to get shares at no cost so they don't really care. Look at the 5 year history of sales and earnings. Absolutely nothing. Isn't 5 years enough to prove you can do the job? What's disgusting is that management gets Performance options. Not a big fan of activist institutional shareholders but maybe they will get tired of this.
    Bearish
  • j
    jerryk
    The earnings report was not good. But if you look at the last few years they really haven't increased sales or earnings that would justify the recent run-up. I think speculators were betting that the company had to be getting better with the increase in the cloud business and they have BUT not enough to increase the bottom line. It looks like Mr. Dow is getting a big salary and a boatload of various options for maintaining the slow growth we long term holders have come to expect. Yes, I should have sold when higher but was afraid that maybe, just maybe, Dow was going to come through.
  • B
    BobB
    Wow! I have not been impressed with this company so never purchased many shares but over the last month or so, and then today, I admit I was wrong.
  • j
    jerryk
    The same old report. Nothing really good. But management will make the easy requirements the BOD made so everybody gets options.
    I'm amazed that the funds haven't tried to make changes to management.
    Bearish
  • Y
    Yahoo Finance Insights
    American Software is down 6.07% to 15.00
  • Y
    Yahoo Finance Insights
    American Software is down 6.29% to 16.54
  • j
    jerryk
    Today's news told me nothing. Doesn't mention what their sales are, number of employees, or how much they paid. Look at Halo's site and it looks like 1 guy is the worker and everyone else is on the BOD.
  • A
    ATLCPSUB
    I finally figured it out! They transition from the mainframe era license fee model to ongoing subscription service. The conversion process is clearly shown by the dramatic decline in the old licence fee model and the large increases in the service offerings. This is the thing though, your maintenance and consulting streams had more opportunity when the license fee was in vogue, The distinction between maintenance revenue and new product revenue becomes more blurred. You can see it in the decline of both Maintenance and Consulting revenues. This indicates the success of their conversion to a fully subscription basis but maybe there is more of a floor on projected revenue going forward under the SaSS model. It should work for them, it fits how they really operate. They have always have squishy ways of representing maintenance expenses vs development expenses and they often struggled to get versioned product delivery right. Keeping the struggles in-house behind the service may be a better operating environment for this company. I truly hope they can keep the price above 10 for an extended period this time
  • j
    jerryk
    Hope they fired Dow. That would justify the run-up.
  • A
    ATLCPSUB
    You never hear what was Mike Edenfield's ultimate fate but the current crowd running this business should be very pleased that they were finally able to put together a sales and delivery model that matched their actual abilities and now seem to have finally done what Mike could not, provide real sustainable gain in share price. By any historical measure this post-Edenfield era has been much more profitable to shareholders. Let all shareholders hope they can sustain what they hace accomplished and perhaps even improve it more. It's certainly about time.
  • B
    BobB
    I'm looking at the stock price and waiting for the earnings report. This stock is considered overvalued by its board of directors and some analysts. From what I can learn some board members were selling shares fairly recently.
  • J
    JeffreyT
    Good numbers today. A decent play in the SaaS space.
  • A
    ATLCPSUB
    Well I see we added another Class B voting member who is a M&A attorney. That might mean something or not. It almost certainly means that Michael Edenfield is really out of the picture and his father Jim has to be retired by now. With them edging towards the darkness that could leave the floor open for a merger, particularly while they are doing well in historical terms.
    Neutral
  • j
    jerryk
    well, I didn't think I'd ever see this price again.
    In 2008 when the price dropped to $3../share I bought some because the dividend was $.32 and they had a whole bunch of cash that they still haven't used. at todays price the dividend is 5% and with the cash on hand it's a lock even if business drops a bit.
  • A
    ATLCPSUB
    Well I don't know what happened to Mike but the stock performance has definitly changed since 2013
  • Y
    Yahoo Finance Insights
    AMSWA reached a 52 Week high at 18.23
  • B
    BobB
    Boring stock, but at least it's been above 10 for sometime. Now I'm glad I didn't buy more. This company is not a moneymaker for the shareholder. No growth. I'm actually surprised it's traded. It should be a private business.
  • A
    ATLCPSUB
    Everytime I logon it seems to be the same price. Dynamic is not their by word. I agree with BobB at least they are above 10.00. I wouldn't buy anymore either. I bought it way back when it was 6.
  • A
    ATLCPSUB
    Here is an article about the diminishing SaSS promise of American software, and this article correctly focuses on their bad revenue numbers.

    https://seekingalpha.com/article/4207888-american-software-saas-narrative-collapses
    American Software has tried to frame itself as an SaaS company - but 'cloud' sales still represent less than 12% of revenue. A disappointing Q1 undercuts much o
    American Software has tried to frame itself as an SaaS company - but 'cloud' sales still represent less than 12% of revenue. A disappointing Q1 undercuts much o
    seekingalpha.com
  • A
    ATLCPSUB
    This is just a end of year message to AMSWA. Good work at keeping the stock in double digits for a solid year. With the departure of the Edenfields as active participants the market has shown the stock can get better. When license sales go to zero next year it will be interesting how the revenue picture looks. Just improve your earnings, don't know what the problem is there. Merry Christmas and treat your people well and you should have a good year next year. That is the best lesson form the departure of the Edenfields, the company can actually value its employee's