Yeah, my back of the hand calculation on the NY Mellon deal shows it adding about 7-12 cps earnings. It would be nice to see the deal go through, but keep in mind earnings wise these wont be reflected in results for a fair while. The strong aussie dollar is still a bit of a pickle for CPU.
I know you say its extremely undervalued stanislaw, but keep in mind that this stock got pummeled down to $2 after 9/11. Grim market sentiment can sink CPU like a stone. But I do like the company !
Honestly i'll be quite happy if the calls on my stock are excercised, I dont think i can say no to a quick 10% profit. Alternatively if the stock keeps trading sideways or doesnt break the down trend its been in for a couple of months, im equally happy to keep writing calls on it.
CPU Price at posting:
$7.34 Sentiment: Hold Disclosure: Held
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