Gary,
"strictly arbitrage"
Too bad. If you have an 18-month time horizon a long position in CS could easily double with very little downside risk. Look at AAPl, a company whose future seemed much bleaker (I think the phrase was "death spiral") than CS's just six months ago, when the stock was at 15, today up 2 to 37. JMO
Pruguy, thanks.
re:manufacturing -- If this has been a problem in the past with quality control and productivity concerns, those are fixable. The question to me is not so much in-house vs outsourcing as it is which can be run most efficiently. Outsourced production can have problems too. And with 10,000 products, I can see the sense in keeping things close to home. COO John D'auguste seems to have a good track record. Maybe he can bring operations around. It would be interesting to hear what CB, aka Skippy, has to say about his impressions of him as a manager.
One thing I mentioned before that hasn't drawn any response is the CS claim that the competition is "consumerizing" the product, meaning every upgrade means tossing out your old boxes and making completely new installations every 18 months or so, while the CS equipment is an investment, with new functionality able to be added on as the technology progresses. This seems to me to be a huge marketing advantage, if it is true. If it is true...
stock price inching up nicely.
Break out the martinis!
Bruce
PS -- Harold and blankmind, I like the OT stuff. From ASND thread ot I found my way into PAIR :o( and RDRT :o)! |
