Cognizant Technology Solutions - CTSH
Over at a financial forum... we Nattered on Aug 15, 2015...
Batman,
Nice pop on Cognizant today. Today, 68, upside 76, downside 60. I concur with P, get along while the getting is good. As for future value? Sept/Oct seasonal slowdown coming, dollar spikes, Dec flash crash in commodities with Q4 economic contraction. Who knows what this crazy market does then?
In a downdraft, Cognizant could find its way to 40 or 30, real fast. Cognizant with 2/3 Indian employees and with BPO as their forte, means they are a fungible commodity.
At 68 this stock is an example of distorted values like Amazon, Netflix, Tesla and Facebook. To be honest, with real companies like GM at 30 and GE at 28, take Oracle, a company with real revenue streams from their software and consulting: $38B rev with 132K employees. stock is at $39. Not my favorite company either, I think they are a $15 - $20 stock in a normal market and getting a 100% - 150% premium in this crazy one.
At 68 this stock is an example of distorted values like Amazon, Netflix, Tesla and Facebook. To be honest, with real companies like GM at 30 and GE at 28, take Oracle, a company with real revenue streams from their software and consulting: $38B rev with 132K employees. stock is at $39. Not my favorite company either, I think they are a $15 - $20 stock in a normal market and getting a 100% - 150% premium in this crazy one.
So this outsourced puppy mill with annual revenue $12B and 215K employees, should be at $13 or less, not a typo, and that's in this crazy market. In a normal one, $5 tops. But that's just me and I don't know, but I'll tell ya. Good Luck and Be Careful Out There
Update: By Halloween, Cognizant found its way to 69.76; mid Feb 52.11, currently 58.01. Still a barometer for a market that is overpriced in the extreme, IMHO.
Update: By Halloween, Cognizant found its way to 69.76; mid Feb 52.11, currently 58.01. Still a barometer for a market that is overpriced in the extreme, IMHO.
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