Moving their headquarters to Ireland. Their plans have been to expand their European operations. Also looking at possibilities in the far east. Have announced some big contracts recently. Earnings stream has been strong. Big cash position. Undervalued.
Been making a number of very positive announcements. Made a small acquisition that should improve their earnings outlook. Also announced new clients. Real issue is, what will the guidance be going forward. Extremely strong balance sheet.
Having a transition year. Reported numbers were shy of what was expected and quality was a little light. Still building their headquarters in Ireland. Expecting a major announcement in June regarding their china development. Expect revenues to pick up in the next quarter or two.
A lot of the bad news is out of this stock. Growth prospects are starting to come back into it. It had a few deferments in terms of contracting. Have an interesting joint venture in China.