Puck, thanks for running that down about GiantBear. It does appear to be a good purchase for INSP, and undoubtedly this trend will continue with them. It appears that as a net related company that is surviving the bubble burst, INSP will do what so many have long predicted the stronger survivors would do, pick up the best of the companies that didn't survive and become the major players in the space for years to come.
INSP has had nothing but good news for the last month or so. The price of the stock has been sort of stagnant, but that is to be expected until the company starts to report increasing earnings. From what one can garner from the news that is out there these last few months, I would not be surprised at all to see earnings grow much more than they indicated in their last report.
One thing I have been trying to find out is about the resigned contracts, Jain announced in mid-early Dec that they were resigning all their current contracts, and that they would have more news on that as they finished it up at the end of the year. No further news has been forthcoming on that. The only thing that I have heard, FWIW, is one of the posters on Raging Bull said that he called IR about it and they told him that all the contracts had been signed and there was no increase in rates from it so they didn't consider it news. So, at least not bad news, actually good news in that they retained all their current clients. |
