Replies to post #43197 on Savvy Trades and Investments

[value1008]

PCMI - there was a lot of institutional jostling of ownership on this one after the last earnings report on 11/7, as shown here: https://ih.advfn.com/p.php?pid=news&symbol=N%5EPESI Obviously there was a lot of selling, but some 'tutes opened some new big positions. Only a couple of 'tute ownership filings for PCMI since the deadline on 11/15/17.

Jmo, but I think we're seeing a little bear raid here to drive down pps, trigger any stops, and get a really good price for institutions to enter the stock early in 2018.

As you've pointed out, Hweb, what other Nasdaq stock is trading at a forward P/E of about 4 or 5 here, just on very conservative guidance?

[researcher59]

PCMI announces small acquisition - expected to be mildly accretive. Continues to expect UK subsidiary to be accretive in 2018.

I take it as good news that they made no mention of Q4 or lowered guidance ....

PCM, Inc. (PCMI), a leading technology solutions provider, today announced that its UK-based subsidiary, PCM Technology Solutions UK, Ltd. (PCM UK), has acquired Provista Technology Services Ltd. and its subsidiary, Provista UK Ltd. (collectively Provista UK). Founded in 2006, Provista UK is highly regarded in its expertise across a range of technologies and manufacturers including Cisco, Avaya, Cisco Meraki, Huawei, Checkpoint, and other leading vendors, with offerings encompassing all aspects of Cloud Networking, Cloud Video, Hyperconvergence, Security, Collaboration, Secure Wireless and IP LAN, WAN & Data Center Networks. Provista UK holds some of the highest certifications in the UK marketplace which further compliments the PCM UK offerings to include Cisco Gold, Avaya Saphire Partner, Cisco Meraki, and VMware Solutions Provider, amongst others. With its headquarters located in Glasgow, Scotland along with two additional locations in Aberdeen, Scotland and Birmingham, England, Provista UK delivers leading edge technologies and services to clients throughout the UK.

PCM UK’s acquisition of Provista UK will further enhance its expertise and vendor accreditations in the United Kingdom as a Cisco Gold Partner, allowing PCM UK and its subsidiaries to offer further consultancy, integration and supply of services and solutions across the UK marketplace while replicating many existing offerings from our North American organization. The acquisition will provide PCM UK with an immediate capability in the United Kingdom to deliver networking, security, unified communications and data center solutions backed with feature-rich services and support offerings. Provista UK is also expected to contribute to PCM UK’s opportunity to extend its growth of the existing managed services and multi-lingual global service desk within the European region.

“The acquisition of Provista UK is yet another key milestone for our new UK segment that will further enhance our capabilities and strengthen our position as a value added solutions provider in the UK marketplace,” added Frank Khulusi, Chairman and CEO of PCM, Inc. “I am pleased to welcome the team at Provista UK to the PCM family and look forward to continuing our growth and success in the UK market in the coming years,” continued Khulusi.

Jay Miley, President of PCM, Inc. added, “We are continuing to follow our global strategy to bring our leading North American solutions to the UK, and this acquisition further expands one of our largest vendor relationships through the acquisition of a UK Cisco Gold Partner.”

Donavan Hutchinson, Managing Director, UK & International for PCM UK commented, “I am extremely excited to advance the PCM UK portfolio and footprint with the addition of the respected team at Provista UK. With the combined investments that we have made organically, coupled with the acquisition of Provista UK and The Stack Group, we are positioned to accelerate our UK growth across all advanced solutions categories. I look forward to working with the Provista UK team as we jointly continue to take market share.”

Barry Oliver and Stuart Little, Directors for Provista UK commented, “Provista UK is delighted to be joining PCM UK, adding to PCM’s recent growth and investment in the UK. The combined business compliments both organizations as PCM gains Cisco Gold Partner status in the UK, backed with Provista UK’s portfolio of services and solutions. Provista UK expects to leverage PCM’s wider investment in the UK and access to complementary markets and solutions.”

“When PCM contacted us and shared their vision for the UK, it fit perfectly with our own ambitions to accelerate the growth of Provista in the UK. After having built the business to achieve Cisco Gold Partner status, it is exciting to now be able to be part of PCM and take the business to the next level, offering our solutions and services across the UK while complimenting the other robust PCM offerings,” commented Stuart Little, Director & major shareholder of Provista UK.

Provista UK had total revenues of approximately £7.7 million for the fiscal year ended July 31, 2017. PCM currently expects this strategic acquisition to be mildly accretive to the PCM UK segment, which we continue to expect will be accretive as a whole for 2018. PCM will address any related questions at its next earnings conference call.