<<<<Kevin, I may be stupid but explain to me how CPQ is the best place to invest $30,000 now, as you recently did. Tell me when you believe CPQ to be back at $55-$60. Thanks.>>>>
First of all, I've been trading this stock for a long time and did OK last year although I missed a few turns here and there. I just see it at or near the bottom. It was over $50 in January before it fell and I blame the Q1 fiasco squarely on the fact that the CEO and CFO were asleep at the wheel. I like their future Services, Storage, Alta Vista spin off potentials, and with the right CEO that will solve the direct vs. in direct sales problems, finish the merger and take the needed cuts, this company will rebound at least back to $55-$60 by year end. Just look at what it started doing at the end of last year.... and that was after the channel stuffing fiascos of earlier in the same year. The market looks at companies like this in terms of what have you done for me lately. A couple of quarters of making their numbers in time for the Christmas Q4 stampede should have this dog off and running again and all nightmare images of Q1 conveniently forgotten....
kbp |
