I didn't see this until a few moments ago, but this IT outsourcing company has been hammered. I am familiar with it because they brought in improved management over the past year and it's very beat-up to begin with. The company took a large write-down, the most disturbing of which highlighted bad accounting systems (a cost over-run that they just figured out on a fixed-price contract). The new CFO, who just completed his first full quarter, has done what appears to be a rather complete clean-up job. Unfortunately, their biz isn't so great right now and they are suspending guidance.
I am going with a mild Treasure on this one - it seems like a terrible overreaction. The stock was pretty cheap in the first place, and new management is likely to improve things. Not on my watchlist and not super confident, but wanted to share...
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