I'm sure there are some investors out there but most would not like to admit it. Stock is trading at a 27% Discount PE Multiple of 24.4 X, vs. the 3.4 X average multiple at which the Software & Services SubIndustry is priced. last qtr sales were down and earnings plunged. I think they just had bad timing with their IPO. The came out just as the derivative scandles were transpiring, and since that is a large part of their business, investors got cold feet.
BUT, it looks like they are basing out, sort of. They have hired a new vp or something for sales, I'm not sure of exact positon but I'll check and write back. Hope next earning will bring some good news.
This looks promising,
PALO ALTO, Calif., July 28 /PRNewswire/ -- C*ATS Software Inc. Nasdaq: CATX), a leading provider of trading systems and enterprise-wide risk management (ERM) solutions, today announced the implementation of its C*atalyst front-to-back office derivatives trading solution by Korea First Bank (KFB), a major Korean financial institution. The C*atalyst system, the first integrated derivatives trading and risk management system implemented by a Korean bank, was operational in time to meet new Korean regulatory requirements for mark-to-market accounting affected last month.
ps I am a stock holder also
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