BEAS is on my watch list. I think software companies make great shorts that give and give if the timing is right...maybe has something to do with lines of code being such an ephemeral thing...think about how many software companies actually survive for any real length of time not measured in daytrader time, MSFT and...PSFT but they had their problems. BEAS, EPNY, DCTM, MANU, ARBA, CMRC, IWOV, ITWO, BVSN, MUSE, etc. selling a basket you can probably win by law of probability alone...someone always comes along with a better computer program while very few find their way to the royalty holy grail. The ones with the more popular names you can bet ma fish and pa fish will like too.
Maybe go long a few quality for a hedge...do you like ADBE?
Incedentally, RIMM fancies itself a software company...my mother was at a wireless conference recently, told me when their CEO was speaking and was asked if they were a hardware or software company, he responded that they had 2 software engineers for every hardware engineer, not a most convincing answer. |
