HURN seems to be an exceptional consulting firm growth story. CEO on Feb 20 reaffirmed 08 yoy e growth @ 20-25% w organic gro of 20%. Their PE is ttm 24, twd 14.29. The only thing that killed their price on the Feb 20 call was not the 44% last qtr e (Wow!) but their forecast of a weak lst qtr because of legal financial consulting weakness - yet it wasn't all that weak! : "Huron forecast first-quarter earnings of 66 cents to 70 cents a share on revenue of $142 million to $147 million.
Analysts on average were expecting earnings of 70 cents a share on revenue of $154.9 million." (Reiters) And as a JPM analyst said 'It isn't a question of if they will benefit from the credit crisis, but when'. I think the time for this stock has come. It was 83 on the last day of 07 and suffered from a bad general mkt, but after that Feb 20 call it dropped from 65 to 48 !! Now it has stabilized and is turning up technically as cta notes. They have 4 segments to their busines. Here's yoy rev gro rates: financial+46%, Legal+13%, Health and Edu+50%, Corp+71%. Though some segments reflect new acquisitions their segments are nothing short of spectacular growth areas.
It is presently being held by an old chart gap and two low print candles. I am not proficient enough yet to interpret the pole down from Feb 20 to 29 and the pattern off it. Can you interpret?
