CSPI...The big day is tomorrow. I'm feeling confident but you never know...Trading @ less than 2x cash w/ very low debt. (Should get some E2D plane revenues in tomorrow's reported Q also).
Anyway, sold some shares early last month, (acquired @ higher prices) to use for losses this year. Waited 31 days and bought them back at approx breakeven. So my CSPI holdings are still at an all-time high.
CSPi announced a record backlog last Q along w/ saying that products and services remain at an all-time high.
And from last earnings report...
"With the Technology Solutions (TS) business again leading the way, our Managed Services Practice (MSP) continued to add new and larger customers while the better-than-expected activity level of Unified Communication as a Service (UCaaS) is garnering enthusiasm in the current fiscal first quarter. I believe UCaaS will turn profitable in the coming quarters, which is quite a feat since it was launched two years ago and just prior to one of the worst imaginable periods in our country. While the HPP business had a slight rebound from Q3, the signing of additional ARIA customers in the quarter and amount of interest being generated supports our view that it will dramatically change the revenue contribution from the HPP business."
"I believe it will be an exciting year for CSPi as ARIA and UCaaS gain traction."
CSPI has remained pretty much in the mid $8's through recent market turbulence, so downside seems to be very minimal from here. We'll see..............
Current price $8.50.
Earnings tomorrow.
Funny what money can do...$$$
The information posted by
2morrowsGains is opinion only and should not to be taken as investment advice.
AI
