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Re: Drill Baby post# 150

Tuesday, 12/02/2014 9:28:34 PM

Tuesday, December 02, 2014 9:28:34 PM

Post# of 276
Agreed. I think a part of the reason they trade on OTC is because for the most part they weren't profitable until 2010. Manhattan associates is a similar company I found on the competitors tab of yahoo finance.

http://finance.yahoo.com/q/co?s=JGPK

They have price/sales of over 6, with the industry average of about 3. So yes you are correct. This should be trading closer to $9 or $10. What is somewhat concerning are the reviews of the workplace on glassdoor:

http://www.glassdoor.com/Reviews/Jagged-Peak-Reviews-E13989.htm

From a project manager -

"Jagged Peak has a very high turnover rate, is unstable and burdens its workers with unrealistic workloads.
Organizational culture is always a function of the CEO and his executives, but it is absent here. Whatever they do, however they behave, sends messages down through the organization. Executive affairs, talk of a coup, partner mistrust over corporate spending, and self motivated decision making by the CEO may make you feel insecure about your position."

Another review listed a con as:

"The CEO likes to yell at his employees / accuse them of "stealing their paychecks". He is a smart guy, but he could use some psychiatric medication."

This may sound harsh, but shows that the CEO isn't a pushover. Overall this could be a lucrative find, but may take some time as their costs are currently too high to show bottom line EPS growth.





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