26mil in cash and no debt - wow, page-4

  1. 222 Posts.
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    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.
 
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