Hi browny. Thanks for your comments. I note that DTL, DWS (just had a downgrade that one), and SMX are all at their yearly lows today. The sector is not in favour right now - penny stocks are- go figure.
UXC is still a triple bagger from a couple of years ago when Lord rejected 3 private equity approaches. It would be one of the few companies that did that, and came out on top. It was probably Lord's finest hour in making those rejections. I recall the company saying at the time that UXC was worth about $1.30 to take over, which seemed ludicrous at the time, as the share price was nowhere near that. Now, a few year's later, I'd say he got it about right.
I wouldn't mind if UXC cooled right off in share price. In the absence of bad news (including nearology of other IT companies doing it tough), I think it can hold its value- at some level- maybe not at this price. With solid dividends, it's not a bad buy and hold.
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