What do you all say though about the fact that the business has had a "restructuring" year every year for the past 10 and now with only a slimmed down services business with one or two major banking contracts expiring this year, how are future earnings going to look when these contracts expire??? I would suggest also the recent software stuff-up doesnt bode well for future sales/service contracts with banks and that future profits will be bulky and dependent on contract renewals/negotiations and also new entrants into the field competing via price. Also I highly doubt KYC are planning to give the cash back to shareholders considering their history and the fact they said they looking for acquisitions so I would count that out. Yes, they look great at this price, but where to from here is just as important.
KYC Price at posting:
51.0¢ Sentiment: None Disclosure: Not Held