If anyone's still out there, then you know by now perhaps that Cotelligent is now listed on the NYSE, under symbol CGZ.
I met with the CEO a few weeks ago while I was in San Francisco. He spent a couple of hours going over his gameplan, and man, this is gonna be a winner. They are in the right business at the right time, and the culture that is being built there is unique and very impressive. I'm confident with the present management in place that CGZ will be able to continue to attract and retain top talent--a key factor given this country's acute shortage of skilled IT workers.
I heard somewhere that there might be a secondary offering of stock in the not-too-distant-future, and if true, that could go towards explaining the stock price kind of languishing at these levels. I mean, if you look at what CGZ's competitors are being valued at by the market, you realize just how cheap this thing is. If they do in fact have plans to raise some additional equity to finance their rapid growth, then the sooner they get it done the better. Of course, the timing is not entirely within their control. But once it's done, and this stock begins to trade with its peers, we've got a $35 stock. My opinion only of course. |
