Good Morning Stan,
I am hoping today that we can get some more CNQR at a bit lower than yesterday's close, but it doesn't look like it wants to break down just yet. And if you look at Concur's site http://www.concur.com/default2.htm you can easily formulate an argument supporting a higher valuation for the stock. They really appear to have a stellar business plan and plenty of alliances and big customers to ensure future growth.
Here are some excerpts from the site.
Concur's workplace eCommerce solutions, business-to-business procurement, human resources self-service, travel booking, and T&E expense management are the most widely used solutions for automating business-to-business eCommerce and workplace business processes over the corporate Intranet and public Internet. Concur's workplace eCommerce solutions are used by more than 2 million employees in more than 250 companies worldwide. Customers include AT&T, Baxter International, DaimlerChrysler, Exxon and Pfizer.
In order to bring best-of-breed, full-service business solutions to our customers, Concur forms partnerships with industry leaders, such as ADP, American Express, Exodus, and Microsoft.
concur.com
This is the sickest thing.....look at a comparison of CNQR against some other B2B's.
siliconinvestor.com
CNQR is NOT a $20 stock folks, IMO. But make your own decision....I'm loading the boat on any dip. CNQR is a keeper.
Good Luck All!
CNQR
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