Sold down (june tax selling) on bad first half where they will lose $3 million. Contracts have not been lost but will be booked in the second half. My bet is that they will book a bumper profit for the FY2003.
The market clearly hates SNX (just like it hated TVL and ASC) but it's a cyclical stock and with SNX's blue chip clients and improved revenues from the Baltimore purchase I bet it will bounce back.
Right now 72 cents buys you $1.20's worth of cash which could make it a take over target
Do your own research! Buy in gloom sell in boom
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