What has attracted me to CTXS?
1) The concept of application hosting is, IMO, simply a gifted idea. (Remember the story of the founding of FedX...they laughed and said it couldn't be done! That was the reaction to the ASP concept, which the Internet has made eminently workable.)
2) My discounting competition. There are two I can think of. New Moon, privately held, still essentially in development stage, and very small. The biggie is MSFT, but if they tried, other software companies hosted by CTXS would not likely turn over their assets to Msft as they have to Ctxs, so I think Msft will be a no-show.
3) Fire sale...the company is profitable for Pete's sake, yet it's taken just about the worst punishment of any stock I follow, for absolutely no valid reason that I can find. Maybe I should say, have found yet, cause I'll keep looking.
In short, I think at this time CTXS at 45 1/2, which is where I bought, is worth more than the cash it cost me. Since I feel the market is going to go lower, I don't see many other places where that is true just now.
Thucydidies
|
