Amsterdam, you've missed a few then. there have been many notorious analysts that were outright negative on great companies. There's always an analyst outside the box. You could make an argument that analysts get paid for getting noticed, not for being right.
Rose's arguments ring mostly hollow and he will be proven to be reckless shortly.
The accounting stuff is a stretch since the company is growing so quickly. Every enterprise software company has an significant and increasing percentage of services business. In fact his buy rated Vantive and Clarify have a HIGHER percentage of business from services. SEBl has one of the lowest ratios out there.
Funny, but with this increasing low margin business, SEBL's operating margins were the highest they've been in history last quarter.
Siting SLGX as a competitor is like saying GPSI is a competitor to SAP. It's a joke, plain and simple. Amsterdam, you know the industry well, is SLGX impacting the market, even remotely?
Increasing competition in SFA? As you know, Oracle is a joke, SAP has delayed their entry, VNTV is a non issue and Clarify, though executing well is still small.
New management? Oh good grief! Tom and howard were reasons NOT to own the stock. The new additions are high powered and extremely credible folks, it brings the company to the next level.
Bottom line, ben should be fired. For this call and several others. problem is, at a third tier firm like AH, there's not much lower to go.
TD |
